RealEconTV

No one can predict exactly when a house built on a rotten foundation will collapse.

Thus the challenge of market timing.

But knowing that it will collapse is a no-brainer.

The question is: When do you pack up and move out?

Is there another party or two or three to squeeze out before the inevitable?

I always leave the party far too early myself, but it's not bad insurance against staying one minute too late.

I don't envy money managers. These are really terrible times.

If you leave too early, you look like a fool. If you stay too long, you get wiped out.

I'm happy with looking like a fool.