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There is something very off putting about your comment regarding how you preemptively dismiss anyone who would dare argue with you. Time in the market beats ti
by gxs 10y ago
There is something very off putting about your comment regarding how you preemptively dismiss anyone who would dare argue with you.
Time in the market beats timing the market - the adage is as old as time itself. Not sure that knowing it makes you understand the markets especially well. Similarly, not sure that not knowing it says anything about you either.
- wtvanhest 10y agoPoint taken. I edited it out. And... just to go a step further. My comment included the word 'easiest' to describe how to find out someone doesn't know what they are talking about. IMO, if someone starts talking about timing the market, I know right away that they do not know what they are talking about. Other indicators are much harder to diagnose. A self proclaimed market timer is just the easiest to identify.
- enraged_camel 10y agoKnowing that adage doesn't mean you understand markets especially well, but not knowing it definitely means you don't understand markets. I had a friend in college who played World of Warcraft. When the first expansion was announced, he invested $10,000 in Blizzard stock. His reasoning? "It's going to be awesome and sell a lot of copies!" He didn't understand that the stock price at the time he made the purchase already reflected that information (that there was an expansion coming out soon).