I’ve posted Entry #56 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Why Can’t We Be Friends With Those Who Follow Different Investment Philosophies?
Juicy Excerpt: I can still hear the concern in Brian’s voice when he would turn to me and say: “Rob, I know all about this historical data jizz-jazz you are always going on about. I just want to be sure that you understand that you are nuts. I would not feel good about myself if I didn’t point that out. You do know that you are nuts, right?”
And I would say “Yes, Brian, I get it that I am nuts.”
The great thing about it is that, years later when stocks crashed just like the entire historical record told us they were going to, Brian was man enough to call me and acknowledge that perhaps I wasn’t so nuts after all.