Set forth below is the text of a thread-starter that I put to the Goon Central board:
A lot of people are saying that explanation for Obama’s sub-par debate performance is that he was been protected from effective questioning for years by an adoring media.I see the same sort of phenomenon going on with the Buy-and-Holders. They tell each other that they have it all figured out, that everyone is wrong but them. It makes them feel good when they silence those reporting on the last 30 years of academic research because Buy-and-Hold sounds reasonable when you don’t know about the research. But avoiding questions leads to flabby thinking, poor debate performance and poor portfolio results in the long term.My sincere take.