As they say, time in the market is more important than timing the market.
On the other hand, if you time the market right and have time in the market, you do better all around, in terms of the bumpiness of the ride, opportunity cost of allocating saved monies and ultimate return.
Currently reading WAR AND PEACE, a pandemic classic. Not much real estate advice in there, but it certainly gives one the feeling of having to get on with life and the inability to know anything when you’re in the middle of it.
I’m about halfway in the book, and it has a lot of great insight.
But the better short read is THE DEATH OF IVAN ILYICH. 53 pages long, perfect, about a lawyer who suddenly discovers he’s dying. Just spot on. And only 53 pps. I absolutely love this little novella. I especially laugh at the opening, when his colleague buddies first learn of his death, and each one is secretly thinking how this will affect their place in a line of promotions.
