You shouldn't try to market time or hedge unless you know when to do it. I find that I usually don't know when to, so I usually don't want to. But there are e

You shouldn't try to market time or hedge unless you know when to do it. I find that I usually don't know when to, so I usually don't want to. But there are exceptions to that. There are times when market timing and/or hedging make sense if you know enough. > The greatest investor of all time, Warren Buffett, has never used hedging. That’s proof how unnecessary it is. I'm not claiming hedging is necessary. I'm claiming hedging can be a rational thing to do. That Buffett doesn't use it, doesn't mean it can't be a rational thing to do. Not everyone has the same knowledge and circumstances as Buffett. Buffett's strategy is undoubtedly not the best strategy for everyone, though it's almost certainly the best strategy for him.