I have been contacting numerous people to let them know about my article on The Silencing of Academic Researcher Wade Pfau by the Buy-and-Hold Mafia.
Yesterday’s blog entry reported on my correspondence with Economics Professor Valeriy Zakamulin. Set forth below is the text of my response to the e-mail detailed in the earlier blog entry:
Valeriy:
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The Pink Unicorn says
Rob is praying for a crash so that other people will be as broke as he is.
Rob says
That’s an emotional comment, Pink.
Investors are better off knowing when stocks are priced to crash. My peer-reviewed research shows that knowing this reduces the risk of stock investing by 70 percent. Good stuff.
So why don’t the “experts” tell you when stocks are priced to crash?
The thing they are expert in is getting money out of your pockets and into theirs.
If you don’t know when stocks are priced to crash, you are left with no option but to go with a high stock allocation at all times. Guess which asset class puts the most money in the pockets of the Wall Street Con Men?
Some of this investing stuff is so darn hard to figure out!
Rob
The Pink Unicorn says
Rob,
I am just reporting what I see.
Since you know when the markets crash, you must be filthy rich by now. Why not give us an update on your current financial net worth.
Rob says
Again, the comment is emotional.
Knowing that price discipline is required in stock investing does not make one “filthy rich.”
What it does is make one sensible.
Is everyone who considers price when buying a car “filthy rich”?
By no stretch! But those who consider price when buying cars certainly should be thought of as smarter consumers than those who fail to do so.
So it is with stocks.
The people who sell stocks love it when they can persuade you that a Buy-and-Hold strategy can work. Oh, Buy-and-Hold works! For them!
It NEVER works for those buying stocks. Never once in the 140 years of history we have available to us has this ever happened.
I invest for ME, Pink. I figure that the Wall Street Con Men can take care of themselves.
Rob
what says
I’d rather be rich than Rob’s definition of ‘sensible’.
LOL
Rob says
I’d rather be rich than Rob’s definition of ‘sensible’.
I certainly wish you the best of luck with it, What.
Rob
The Pink Unicorn says
Rob says:
“I invest for ME, Pink.”
Okay Rob. So when you invest for “ME”, how has that worked out for you? Certainly, you must have amassed such a large fortune since you are able to time the market so perfectly and the rest of us are “hurting”. I am doing very well at the moment in my “hurting” condition. That must mean you have a financial net worth in the stratosphere since you are such an investing expert and can time the market so perfectly.
Rob says
Your comment is filled with emotion, Pink.
And it is NEGATIVE emotion.
Please go through it and identify all the stuff that is holding you back.
That will bring on a liberating feeling.
When you have stopped holding yourself back, you will be free to run forward and even to fly, using the peer-reviewed academic research of the past 32 years as your guide.
I hope you are able to relax enough to “get it” and take off, my old friend.
Rob