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> My favorite one is, you can't time the markets. Quite obviously a lot of people correctly timed the market's trends... Whoa. Think about it, there are consta
by gorjusborg 4y ago
> My favorite one is, you can't time the markets. Quite obviously a lot of people correctly timed the market's trends...
Whoa. Think about it, there are constantly people thumping their chests and posting their theories about how things are under and over-valued, and pretty much everything else (like the world ending). If you think that because some people made a winning bet with their money that timing the market in general is a good strategy, I'd suggest you never play poker seriously.
- fengb 4y ago2010: All this pump is fake. Sell! 2014: All this pump is fake. Sell! 2018: All this pump is fake. Sell! 2022: All this pump is fake. Sell! See, you can time the market.
- nathanaldensr 4y agoThe funny thing is, it was fake--caused by 20 years of extremely cheap debt-money.
- gorjusborg 4y agoI would agree, there are fundamental reasons that would suggest different outcomes for investments, and that's sort of an illustration of why you can't time the market. Even if you know the truth, and you believe that the market will always eventually reflect the truth, it's difficult to know how long that correction will take.
- davidgh 4y ago“The market can remain irrational longer than you can remain solvent.”
- xsmasher 4y agoWe didn't lose twenty or even ten years of gains though; only about one year. So the Cassandras were wrong nine out of ten times.