They have lost their shirts but trying to time the market means they won't be able to buy them back.
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me. I am shirtless person
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What I like about this tweet is everyone who’s so sure we need to dive more thinks you’re talking about new longs and everyone who believes this is a temporary bottom thinks you’re talking about new shorts.
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If you have the time horizon, sit. Not only do you have to time when to sell, you also have to time when it’s safe to buy. Nobody can do that consistently in a yo-yo market like this. Might get lucky once. Patience will be rewarded.
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This is the time to practice the art of doing nothing.
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Only if they invest money they don’t have, or try to get out before tjings recover.
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Yeah, but the shirtless people will stay home and keep quiet. If we ever resume mingling, the people who *did* guess right will be sure to let the rest of us know.
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Time IN the market vs. timING the market. Got it.
- End of conversation
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