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To be fair this is addressed in the article: “The market can stay irrational longer than you can stay solvent,” John Maynard Keynes wisely said. Timing the mark
by quikoa 8y ago
To be fair this is addressed in the article: “The market can stay irrational longer than you can stay solvent,” John Maynard Keynes wisely said. Timing the market is extraordinarily difficult.
- ironjunkie 8y agoyes, which is also a way of saying that the whole market is ALWAYS a bubble, and there is absolutely no way to tell when it is going to deflate again. Markets are made to inflate and deflate. Predicting that a deflation will happen doesn't make you a genius. Using the above quote to cover your back is basically saying that we always live in a bubble.
- vitaflo 8y ago> Timing the market is extraordinarily difficult. It's doubly difficult because you have to be right twice. If you're lucky enough to have called the top, you have to get lucky again and know when the bottom is. If you buy back in on a dead cat bounce, you're still going to lose a bunch of money.