I’ve posted Podcast #129 to the “RobCasts” section of the site. it’s called Are Middle-Class Investors Too Dumb to Invest Effectively?
The “experts” insult us with this explanation for their promotion of the Passive Investing model. Yes, we’re highly emotional about our investing choices today. That’s because our heads are filled with the Passive Investing gibberish and we are not able to develop any confidence that our strategies are going to work out long-term as a result. Their suggestion that we are “dumb” is a case of Blaming the Victim. We’re not dumb. We’re confused (and largely because the investing advice they have been pushing for three decades now doesn’t add up).