Not even the best investors can predict The Bottom: What they do instead

History has shown time and again that trying to predict the bottom of a bear market is usually both pointless and incredibly hard.

As an example, the bottom of the GFC came when no one expected it after several rounds of crying wolf. The Big Sell-Off in 2007 followed by a quick reversal looked like “the bottom” to many, but as it turned out wasn’t. Over the next two years several such bottoms were declared, all of them followed by more sell-offs.

The advice of many investors and analysts such as Warren Buffett keeps repeating is to stop focusing on predicting the bottom and instead make a plan that will work regardless, and set yourself up for the longer-term.