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Reply to "When do you think the stock market will crash?"
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[quote=Anonymous]pffff...just read an article today where one economist thinks that the economy will roar allllllllllll throughout the 2020s. Major new innovations are on the horizon that will radically transform society like the railway - gene therapies, artificial intelligence, space travel, 5G, etc. etc. The market may still be low after years of underperforming. The point is that no one knows. People who try to market time always lose over the long run because they sell prematurely while the market still goes up, sell too late after the market is already going down, and buy back in too late after the market has already started to recover. Humans are dumb. Even though we have decades of evidence suggesting that the best possible way to invest is to buy, hold, and ignore for decades, people still try to market time like lemmings. [/quote]
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