Set forth below is the text of an e-mail that I sent to Andrew Smithers, co-author of Valuing Wall Street, on March 3, 2010.
My name is Rob Bennett. I am the author of the “A Rich Life” blog (http://arichlife.passionsaving.com) and have long been a big fan of your work. Your article at the “Free Exchange” blog entitled “Lucas Roundtable: The EMH Must Be Discarded,”
is in my assessment one of the clearest and most powerful investing articles ever written. It is perfect!
I would be grateful if you would take a look at a Google Knol that I recently posted entitled “Why Buy-and-Hold Investing Can Never Work.” I am leading an effort to have the internet opened to honest posting on the Big Fail of the Buy-and-Hold Model (numerous discussion boards and blogs have banned honest posting on the flaws of Buy-and-Hold because it upsets those who have confidence in this model to learn of its weaknesses). I would be grateful for any feedback on the Knol that you might be able to offer.
Good luck in all your future endeavors!