I’ve posted Entry #60 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Investing Is Not a Zero-Sum Game.
Juicy Excerpt: Now anyone can make a mistake. I don’t see that as a biggie. But why haven’t the mistakes been fixed? That’s the one that gets me. It’s been nine years now. Why hasn’t there been a public outcry demanding that these analytically invalid retirement studies be corrected?
A big part of it is that people don’t think that there are right and wrong answers to investing questions. There’s a “Live and Let Live” attitude that prevails. If someone wants to say that the safe withdrawal rate is always 4 percent, let them. No one really knows the future. People need to know to be careful about what they hear about investing. It will all get sorted out in the end.