Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.
I mean, can it be said any more clearly? The problem is, much like putting chocolate cake in front of a fat man on a diet, telling a CEO that they shouldn't take the quick buck because staying the course will yield greater returns in the long term...well, I guess you can imagine how well that works.