I recently posted a Letter to the Editor to the www.Early-Retirement-Planning-Insights.com site. It is entitled A Note to Wayne re “the Jerks.”
Juicy Excerpt: Those of us who believe that valuations matter and that the markets are not instantly efficient also need to be accepting of the reality that there are many smart and good people who continue to this day to believe in the Passive Investing model. In an intellectual sense, Passive Investing is the enemy. For purposes of community-building, it is dogmatism that is the enemy, not Passive Investing. We all should always make an effort to extend the hand of friendship to Passive Investing enthusiasts. We can learn valuable things from these people. We have in the past and we will again in the future.