I recently posted a Guest Blog Entry at the Budgets Are Sexy blog entitled When Stock Prices Crash, Where Does the Money Go?
Juicy Excerpt: We can bid stock prices up to any level we want. We can all vote ourselves raises if we like. The only penalty is that, when we bid them up too high, they must crash back down in the following years. What is made from nothing must eventually return to nothing. It always happens that way. It always will happen that way. Now you know.
Lotsa good comments.
Juicy Excerpt #1: Thanks for following up, Rob. Your comments have given me more to think about, for sure.
Juicy Excerpt #2: What a nice thing to say! You’ve made my morning, Wojciech. Please understand that my investing stuff is “controversial.” I say what I sincerely believe and I work it hard to be as sure as I can possibly be that I have gotten it right. But there are lots of good and smart people who think I am out to lunch re this stuff.
These discussions sure are a lot more pleasant when they aren’t a bunch of Know-It-Alls seeking to dominate and intimidate. Buy-and-Hold Dogmatics make me so mad! Grrrrr….