The Importance of Timing in Trading

You can be wrong about everything as long as other people are more wrong anytime you happen to be trading with them. Buffett's trades, there are definitely times where not only does he get the fundamentals right but he pretty much nails the timing. It seems like the half life of knowledge in the half of some kinds of finance knowledge is very, very short. So I've talked to people who learned everything there was to know about SPACs in 2020. And now that knowledge is pretty much obsolete, but they made a lot of money while they could.