Spokane Al speaks for many in a comment he put to my Beyond Buy-and-Hold column the other day. Here are his words:
“For me at least when you say stuff like “. . . is the most dangerous Get Rich Quick scheme ever concocted by the human mind” I lose interest. I am willing to read and consider when one conducts reasonable discussions on a subject. I think that your outlandish statements create a giant chasm that regular people view as just another infomercial, over the top claim. They serve more to inflame rather than convince.
“And I know that turns me off because I know that as a buy and holder, contrary to many of your statements, my returns have been competitive over the past 10, 15 and 20 years. Oftentimes, I do not see your data as backing up your arguments.
“At least that is my opinion.”
I wrote one of those lengthy responses for which I have become famous (infamous?).
Juicy Excerpt: I am 100 percent convinced that what you are describing here is a real phenomenon. Most people see my claims as extreme and tune me out when they see me say something extreme. It’s a big problem for me.