As the saying goes "the market can remain irrational longer than you can remain solvent." Its easy to spot a mispricing, not so easy to identify when it will c

As the saying goes "the market can remain irrational longer than you can remain solvent." Its easy to spot a mispricing, not so easy to identify when it will correct. I for example havent bought any bonds for a long while because I perceive them to be over priced, I've felt that way for 10 years. Am I an Oracle that can see more than 10 years into the future? Have I messed up and missed out on 10 years returns? Maybe I'm wrong and we're in a new normal. Only hindsight will tell us. At this point though even though I feel bonds are over priced I can't say definitively that you shouldn't buy bonds, and if I had I would have been wrong for the past 10 years.