> 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.
I 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.
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.