I think it would be fair to say that the weatherman’s record is a whole big bunch better than the record of the Passive Investing advocates, ROFL.

I think we are going to need as a society to make some changes so that investing “experts” do begin to put more stress on putting forward accurate and realistic and practical and prudent investing advice. We have put the burden for investing for retirement on middle-class workers. When we fail to provide them reasonable advice, we cause the sort of economic crisis we are living through today. That’s not good for anyone.

I can’t say that I find anything amusing about the situation.

Lots of people make lots of money giving investing advice. When you take money from a society, you incur obligations to that society to go about the business in which you are engaged to earn the money in a reasonable way.

That’s my sincere take, in any event.

Rob

I think if you look into those busted retirements will see that they were NOT managed passively and in fact most of them were managed ‘idiotically’ – e.g. having most of their money in Krispy Kreme or AOL.

Oh, great. Blame Krispy Kreme.

It’s all Krispy Kreme’s fault.

The historians will be calling this The Krispy Kreme Depression.

I’m so totally sure!

Rob