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- Dec 9, 2014
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This guy started talking about this 60% drop since January, if not longer, and it still hasn't happened. I don't have a lot to say, but just because someone has graphs and a lot of words doesn't necessarily mean they know anything. But, he might be right. I don't know.
So many people try to predict these crashes over and over. Eventually, someone is bound to be right. If you flip coins long enough, you're bound to get heads a few times in a row. When you keep making market calls, someone is bound to be right a few times in a row and be called a genius. In actuality, they are just one of a hundred who made these predictions and came out ahead.
If you go into the market with the mindset that you're buying businesses, then your goal is to buy those businesses at a cheap price. That's the trick.
So many people try to predict these crashes over and over. Eventually, someone is bound to be right. If you flip coins long enough, you're bound to get heads a few times in a row. When you keep making market calls, someone is bound to be right a few times in a row and be called a genius. In actuality, they are just one of a hundred who made these predictions and came out ahead.
If you go into the market with the mindset that you're buying businesses, then your goal is to buy those businesses at a cheap price. That's the trick.
