I recently wrote a Guest Blog Entry for the Blunt Money blog. It’s called “Talk Back to the Investing Experts.”
Juicy Excerpt: Investing experts are like everybody else. They are flawed humans. They get things wrong. And they are inclined not to admit it too readily. They do more harm to their reputations in the long run by failing to do so, of course. They need our help.
Does that sound to you like the sort of thing that might undermine national security? Does it sound like hate speech? Does it sound like the sort of thing that might destroy the innocence of young children?
When I checked the link to the blog entry, the article no longer appeared. I’ve been “poofed” again. My guess (I didn’t bother spending any time checking into it this go-around) as to why the blog entry no longer appears where it once appeared is that it has something to do with the events described in Tuesday’s blog entry.
The Passive Investing advocates base all their advice on the idea that investing is a 100 percent rational endeavor. It would be fair to say at this point that I am beginning to entertain some doubts.
Evidence Based Investing says
Rita Mae Brown put it best.
“Insanity is doing the same thing, over and over again, but expecting different results.”
John Walter Russell says
The “experts” do the same thing over and over again–advocate Passive Investing–and it still doesn’t work.
They have cost a lot of people an incredible amount of money. Yet, they continue.
Have fun.
John Walter Russell
Rob says
Bob Dylan wrote a song about Miss Rita Mae during the time he was recording the “Desire” album. As has become his usual ornery practice, he elected not to put several of his best songs on that album and “Rite Mae” was one of them.
Rita Mae, Rita Mae,
You got your body in the way.
You act so damn nonchalant.
But it’s your mind that I want.
You got me huffin’ and a-puffin’,
Next to you I’m nothin’!
Rita Mae.
It doesn’t have anything to do with safe withdrawal rates so far as I can tell. Perhaps that’s a good thing, you know?
Rob
Rob says
They have cost a lot of people an incredible amount of money. Yet, they continue.
Humans!
Rob
John Walter Russell says
The Wall Street Journal will do very well if it focuses on the concerns and needs of its customers. Very few newspapers are doing so these days. That is why they have been losing so many customers.
As a general rule, not directly related to The Wall Street Journal, the internet will replace much newsprint. That is sure. Still, accurate reporting would be a great idea for gathering customers.
Have fun.
John Walter Russell