I’ve posted Entry #24 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Five Reasons Why We Don’t Want to Know How to Invest Effectively.
Juicy Excerpt: We are emotionally invested. Have you noticed how, when you make a major purchase (say, the purchase of a new computer), you ask lots of hard questions up to the time you put money on the table. However, once the transaction is completed, you take off the skeptic’s hat and become a booster of the product you bought. Why? Now it’s your computer. People who would have been happy to learn about the dangers of Buy-and-Hold in the days before they adopted the strategy as their own are not so keen on learning about the topic 30 years after making it their investing strategy.