understood backwards—but it must be lived forwards. Looking back, you
can always see exactly when you should have bought and sold your stocks.
But don't let that fool you into thinking you can see, in real time,
just when to get in and out. In the financial markets, hindsight is
forever 20/20, but foresight is legally blind. And thus, for most
investors, market timing is a practical and emotional impossibility.
