I don't think it's impossible to time markets. But it is really hard to do. If you think buying something overpriced in a bubble is worth the risk, I would argue it is you who is timing the market. Either you think you can pull out fast enough (a MUCH harder timing problem than figuring out when to get in), or else you think that the market will never get wise to the bad value.
>Spelling his name wrong will generally bias people against your financial opinions.
Yeah let me worry about that as I type it on a phone with an unruly keyboard lol.
>Perhaps listen to Buffett and Charlie saying they didn't time markets
Where did I say you should time it? I just said, don't invest in things that are obviously overvalued. Buffett is having trouble finding anything that isn't overvalued, so his cash stockpile is growing. You can view that as timing the market or whatever, but the bottom line is that buying overvalued stuff is a guaranteed loser. And when prices come down, you need to have money available to buy anything that is at a reasonable price. Of course inflation makes it difficult to figure if prices are actually good or not, and makes it harder to preserve value while waiting for a good buy. But it's a lot safer to try to do that in general.
