Originally Posted by
Excargodog
That just means it’s overdue for a regression to the mean.
This is one of the most common glib beliefs that has been proven wrong. Over decades it is true, but over the next shorter period of time, a person who takes action using this statement can suffer from the “Great Humiliator” of the markets proving them wrong.
It is part of the reason the average investor, managing their portfolio, underperform the markets. They take the wrong actions at the wrong time.