Markets can stay wrong for a lot longer than you might expect. Being right about overvaluation doesn’t mean you’ve timed the correction. An overpriced market can become overpriced for years.
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You can be right, but look wrong for a long time
Link Explanation: Whether you choose to abstain from an investment because it is overvalued, or buy a stock which continues to go down, it is likely that you will appear to have made a mistake along the way. That is why timing the market is so difficult — you have to be right twice, both on direction and on timing.
Reference
🟢 The Most Important Thing Uncommon Sense for the Thoughtful Investor