Only liars manage to always be out during bad times and in during good times.
Bernard BaruchRead
Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
Interpretation
What this quote means
Attempting to perfectly time the market is futile and often dishonest.
This quote highlights the impracticality of trying to time the buying and selling of investments precisely at their lowest and highest points. It suggests that those who claim to be able to achieve this are often not truthful, as market fluctuations are unpredictable, and successful investing typically relies on a more strategic and long-term approach rather than fleeting attempts to capitalize on market highs and lows.
Themes
InvestingMarket TimingFinanceHonestyStocks
In practice
Example use cases
A financial advisor might use this quote to caution clients against trying to time their investments.
More from Bernard Baruch
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Unless each man produces more than he receives, increases his output, there will be less for him than all the others.
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I was the son of an immigrant. I experienced bigotry, intolerance and prejudice, even as so many of you have. Instead of allowing these thing to embitter me, I took them as spurs to more strenuous effort. .
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