Tweedy Browne on the Folly of Market Timing

Tweedy Browne is out with their semi-annual report. In the report, the managers of the famous value firm have some interesting comments about 'market timing.'  A brief excerpt from the document followed by the letter embedded can be found below:

When it comes to the year ahead, those in the business of predicting market movements are seemingly looking at different facts since there is not much agreement among them. We are reminded in some ways of the presidential candidates’ discussion over taxes and the budget. Can they possibly be looking at the same data?

Now we certainly are not going to burden you with...