Foundations of Value, page-12

Sometimes I get that feeling too... that feeling that you think you can "time the market." The belief that you can not only find value... but also spot that window to make the most of your money.

Sure, there's been a couple of times where I've been able to time the market and this has worked out. But with the benefit of hindsight, I'd say this was more due to luck than skill. Because there has also been many times where I missed out because I thought I could "time the market", but failed to. And so I got to see the prices of stocks on the "buy" watch list float up and up... leaving me behind.

I hope you are far better at timing the market than I am.