Due to the volatile nature of markets, traders may have to be willing to use wide stops or wait out significant market corrections in order to capitalize on a large portion of a trend. (gffbrokers.com)
Endowments can indeed invest for a long horizon, but should keep sufficient liquid assets on hand to deal with significant market corrections. (alephblog.com)
Discussion over at the CMF forums often includes comments about people wishing for significant market corrections, but would any of us be able to pull the trigger if such an event (fear of total economic collapse) occurred again? (canadiancapitalist.com)