I’ve posted Entry #87 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Machiavelli Explains Why We Hate Progress.
Juicy Excerpt: Nicollo Machiavelli, author of The Prince, offered a piercing observation into the troubles that plague our economy today. He said: “There is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institutions and merely lukewarm defenders in those who gain by the new ones.”
The academic research of the past 30 years points to a better and safer way to invest for all of us. Valuation-Informed Indexing provides far higher returns at greatly reduced risk. We all would be able to retire five to ten years sooner if we could talk openly on the internet about what works in stock investing. What possible objection could there be to that?
Wall Street objects.