I’ve posted Entry #73 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Your Favorite Investing Expert Is NOT Your Friend.
Juicy Excerpt: The people who follow an investing expert should be excited to see articles making a case against the fellow’s advice. There are three reasons:
- The guy might really be bad news and you want to find out as soon as possible if that is so,
- The guy’s approach might stand up well to criticism and you will gain confidence in the guy’s approach to see it tested and to see it pass the test,
- The guy is going to get lazy if he is not often challenged in public.
All investing experts can improve. Not too many are likely to improve if we do not make demands on them.