Short YouTube segment by Ramit Sethi advising investors to stop trying to time the market. He explains that timing the market requires being correct both at market lows and highs, calls this a common fallacy, and references chapter six of his book. The tone is conversational and admonitory with light humor.
Hold on. Why is it that every single time people go, I know you shouldn't time the market comma but. And then everything they say after the word but involves timing the market. Do you guys understand what timing the market is? It's trying to decide, should I get in now? Is it too expensive? Is the market going to go down? Is it going to go up? In chapter six of my book, I talk about the fallacy of timing the market. You have to be right when it's low and you have to be right when it's high. Most of you are not right about tying your shoelaces. Hold on. I need to emotionally calm down again after that timing the market thing. I'm here to help. Ramit Sethi. You're here to help?
