%0 Journal Article %A Jason Hsu %A Brett W. Myers %A Ryan Whitby %A Barbara J. Mack %T Practical Applications of Timing Poorly: A Guide to Generating Poor Returns While Investing in Successful Strategies %D 2016 %R 10.3905/pa.2016.3.4.155 %J Practical Applications %P 1-4 %V 3 %N 4 %X Timing Poorly: A Guide to Generating Poor Returns While Investing in Successful Strategies Jason Hsu Brett W Myers Ryan Whitby The causes and persistence of the value premium remain a mystery to finance researchers. Do the actions of small, na?ve individual investors provide the premiums for more-sophisticated investors? Even when the value premium has been notably high, the average value investor in mutual funds has done worse than a buy-and-hold investor in an S&P 500 Index fund.In Timing Poorly: A Guide to Generating Poor Returns While Investing in Successful Strategies , Jason Hsu of Rayliant Global Advisers , Brett W. Myers of Texas Tech University and Ryan Whitby of Utah State University study the allocations and timing decisions of less-sophisticated investors and find that small investors may be giving up value to the benefit of larger, more-sophisticated investors. The authors conclude that financial education is needed to help less-sophisticated investors capture the value in their value investments.TOPICS: VAR and use of alternative risk measures of trading risk, portfolio theory %U https://pa.pm-research.com/content/iijpracapp/3/4/1.12.full.pdf