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12-09-2022, 08:56 PM
(12-09-2022, 05:36 PM)weijian Wrote: Time in the market - It is probably another fallacy if we look closer....
Yes it is important but it ain't 1st priority to someone who is in their 80s anymore. Talking about long term on paper, without handling the very real short term distractions in practice, is totally meaningless.
Also try asking the Japanese about time in the market!
..
True. There are nuances in "time in the market".
Not everyone's circumstances is the same (to your point), not every company is going to come back, not every index is made the same.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger