Stocks should be bought cheaply and sold at a high price to make a profit. Therefore, it is said that timing—specifically, the timing of buying low and the timing of selling high—is a key factor. However, the issue is that I can’t predict the timing. It’s similar to how we can’t know what the weather will be like a year from now in our area. It’s wise to assume that the best approach is to acknowledge our uncertainty about timing. Attempting to time the market is a common trap for stock investors. Consider this: if you could know the timing, you would be the wealthiest person in the world. The advantage of long-term investing is developing the ability to identify stocks that are likely to appreciate over time, despite the fluctuations in stock prices, and investing in their value. The choice is yours. - Joseph’s “just my thoughts”
Google founder Sergey Brin, one day asked a great question. “What will happen if we give this service for free?” The result was, as we know well, “MONOPOLY”. Google gives employees 100,000 meals a day for free. This is because Google found that providing free meals is more profitable for the company. Initially, a payment system was introduced in the cafeteria. Soon, however, Google changed its mind when it saw the people waiting in line. Google learned the “opportunity cost”. Google's technology is excellent, but they realize it is not about making money. Fate changed when they discovered that the Business Model for that technology made money. - Joseph’s “just my thoughts”