I’ve posted Entry #8 for my Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Palinomics.
Juicy Excerpt: The Crony Capitalists who push Buy-and-Hold are not terribly concerned about the human misery they have caused. They have their own problems.We are on our own re this one. We can do this! We don’t need the “experts” to tell us how to invest. Common sense is what works. Common sense tells us that we should not have stayed with heavy stock allocations when stocks were priced to provide a long-term negative return. There aren’t too many politicians today who have what it takes to dare to say that out loud. Governor Palin is friends with real live people who are suffering real live pain as a result of this crisis. That makes a difference.
Community Note: Some of us were talking about John Greaney, owner of the Retire Early Home Page site, at a discussion board this weekend. John had the first internet site dedicated to the subject of early retirement. I still have good recall of the day I discovered John’s site. As soon as I found it, I got about the business of copying every article for inclusion in the binders I kept with information I had found on all aspects of the Retire Early experience. When my wife picked me up to drive me home from work that night, I couldn’t stop telling her about this cool new site I had discovered. In later years, I got to work with John building the Retire Early board at Motley Fool into the most successful board at that site. Those were fun times. I still have fond memories of them.
So I think it fitting that I say here on behalf of myself and the entire Retire Early Community —
Thanks, John!
Rob says
Josh Painter, a contributor at the Texas for Sarah Palin site, expressed skepticism re the argument advanced in my column entry in comments posted there:
http://texas4palin.blogspot.com/2010/06/rob-bennett-on-palinomics.html
“Despite Bennett’s astonishing prediction, Gov. Palin has never claimed to be able to single-handedly solve the nation’s economic problems. While her common sense recommendations for turning the nation’s economy around are prudent, Bennett’s prediction is less so. If he wants to climb onto a limb and saw it off, as DBKP’s editors suggest, it’s not fair to the governor for him to drag her out there with him.”
I thanked Josh for noting the column entry in a comment I posted there.
Rob
Rob says
I have thrilling news (at least for me!) to report.
My history is that for many years I was a political junkie. I read four newspapers every morning. I worked as a reporter on Capitol Hill. I was a liberal — I voted for Mondale and Carter and all those people — I regret it today but it’s an historical fact all the same.
In the Clinton years (largely as a result of the Lewinsky matter), I lost confidence that our problems could be solved through political action. So I switched my efforts to the personal finance realm, where I felt there was a better chance of doing good for people. My interest in politics was reawakened when I saw Sarah Palin’s speech to the Republican convention in 2008.
Since then, I have followed political developments much more closely than I had for many years. One of my favorite sites is http://www.Conservatives4Palin.com. I look at it every morning.
This morning, Doug Brady was kind enough to put forward at that site a write-up re my “Palinomics” column at the 1,000 Papercuts site. I am most grateful and pleased.
Here’s the link:
http://www.conservatives4palin.com/2010/06/rob-bennett-governor-palins-emphasis-on.html
Juicy Excerpt: Rob Bennett, who usually writes about investment strategies, has a piece today in which he predicts that a return to living within our means and personal responsibility, as emphasized by Governor Palin, is what will ultimately put the U.S. economy back on track.
All who care about the future of our free market economy (which has brought us all many blessings) should be working to see that the grave flaws of the Buy-and-Hold strategy are brought to people’s attention and that we can all begin investing honestly and realistically again. That’s what always works best in the long term. I’m sure of it!
Rob
Rob says
Doug and I have engaged in some back-and-forth in the comments section of the blog entry at the http://www.Conservatives4Palin.com site. Please see Comments #16 through #18.
Rob
Rob says
There was also a discussion of the Palinomics column at the Free Republic site:
http://www.freerepublic.com/focus/gop/2538841/posts?page=5
Rob