The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.

Timing the market is a dangerous game. Whether it's the housing market or the stock market, making prudent fundamentals-based decisions is better than trying to go "all-in" when situations look favorable. In his latest shareholder letter, Berkshire Hathaway's Warren Buffett shows how difficult predicting the timing of the market is with a failed housing market prediction from last year. Anand explains.

Anand Chokkavelu, CFA, owns shares of Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Motley Fool newsletter services recommend Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.