Anthony Scaramucci has argued that his costliest habit in markets has been exiting positions too soon, and urged investors to stick with a simple plan: buy an S&P 500 index fund and hold it for decades. He has also pointed to his own missed Amazon call — where a $10,000 Amazon investment made that day could have grown to $16.5 million —t o show what patience can capture even after brutal drawdowns.
In his late-night post on Friday, Scaramucci said his advice is to let the S&P 500’s rules do the heavy lifting rather than trying to outsmart the cycle. he wrote that the index already filters for size and business strength, and that investors can focus on owning it instead of constantly trading around headlines.
He framed the index as a built-in upgrade mechanism, noting that companies can be removed when they no longer meet the bar. Scaramucci added that he bought his first S&P 500 index investment roughly 30 years ago and still owns it.
Why Timing The Market Is A Mistake
That message lines up with a separate regret he has described from 1999, when he said he listened to Jeff Bezos explain Amazon’s logistics-driven ambitions and left convinced he should invest. He …
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