No, Don’t Go Back to School, Become a Ski Bum or Even Think About Chinese Gold Farming: Why You Shouldn’t Time the Market
“Wait, so should I go to business school? Things will be better 2 years from now, right?”
“Should I join the Peace Corps and start my job search afterwards?”
“What if I become a ski bum temporarily and then take advantage of the next upturn in the market?”
No, no, no.
The market might be much worse 2 years from now. The world might go into a deep, 20-year depression that makes that Great Depression thing look like a minor blip.
Or maybe we’ll pull through this in under a year and get back to those attention-starved models and bottles.
But truthfully, I haven’t a clue as to what will happen and neither does anyone else - and trying to “time the market” is like spending all your spare cash on lottery tickets: time-consuming and expensive with no guarantee of a payoff.
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