3min chapter

The Investing for Beginners Podcast - Your Path to Financial Freedom cover image

IFB279: New Investor Mistakes and How to Avoid Them

The Investing for Beginners Podcast - Your Path to Financial Freedom

CHAPTER

The Importance of Timing the Market

Timing the market indicates that you understand better than everybody else in the world when it's going to happen. Michael Burry was successful in predicting what happened during 2007, the great financial crisis. But even he admitted not too long ago that I think it was about six months ago, he was selling but sell everything. You know, just a few weeks ago, he's like, well, apparently I was wrong about that.

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