“Don't try to buy at the bottom and sell at the top. It can't be done except by liars.”
— Bernard M. Baruch
Simplified Meaning:
Trying to buy something at its cheapest price and sell it at its highest price is almost impossible. Even the people who claim they can do it are usually not telling the truth. Imagine you have a crystal ball that tells you exactly when a stock will drop to its lowest price or rise to its highest - that would be very helpful, but such a thing doesn't exist. It's hard to predict the exact best times to buy and sell because markets are unpredictable and influenced by many factors. For example, in the stock market, prices can change due to news, global events, or even rumors. Even experts with lots of experience and knowledge can't always get it right. So, instead of chasing perfect timing, it’s better to make informed decisions and set realistic goals. By focusing on gradual growth and being patient, you’re likely to make better financial choices and reduce stress.