I’ve posted Entry #55 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called “I Don’t Think I’ve Ever Heard Buy-and-Hold Described as a Get Rich Quick Scheme Before.”
Juicy Excerpt: Wouldn’t it be better if lots of people were saying that rather than just one?
And given how Buy-and-Holders react to the one person saying it, can we say for sure that the reason why lots of people are not saying it is that they don’t believe it? Could it be that lots of people believe Buy-and-Hold is a Get RIch Quick scheme but don’t say so because they know that the reaction from Buy-and-Holders will be so harsh?
We’re caught in a Catch-22 situation. Few people are willing to point out that the emperor is wearing no clothes even though it is obvious that the emperor is wearing no clothes because so few dare to point out that the emperor is wearing no clothes that those who do point it out can be dismissed as “crazy.”