I’ve posted Entry #25 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called The First Sign of Spring In Our Economic Winter.
Juicy Excerpt #1: They’ve been trying to scare people. They’ve been using bully tactics. They are not reporting the full story. Those who know what the numbers say knew all along that they were giving dangerous advice. Hoo boy! This one article is not by itself going to bring an end to the economic crisis. But it’s a big deal. To understand why, you need to know the history that is being changed by the filing of this frank and bold report.
Juicy Excerpt #2: The Wall Street Journal column is only a first step. We are going to need to see hundreds of columns of this nature to change the minds of the millions of middle-class investors who have been bullied into believing that Get Rich Quick (it’s Get RIch Quick thinking to believe that stocks can offer good long-term returns when they are selling at three times fair value) can work. Lots of people are feeling a lot of pain as they come to the realization that they fell for the oldest trick in the book and delayed their financial freedom dreams by many years by doing so. It’s by telling the truth that we begin a healing process.