Set forth below is the text of a comment that I recently put to a blog entry at this site:
They are not your friends and you aren’t even qualified to tie their shoes.
I couldn’t possibly disagree more, Anonymous.
One of the things I love about the Wade Pfau e-mails is that you can hear in his words how much he loves helping people. That is what caused him to enter this field in the first place. As he tapped into new insight about how stock investing really works following upon new insight about how stock investing really works, he was like a kid getting a bike on his birthday, jumping up and down with excitement about things he could do tomorrow that he never dreamed about doing in the past.
I am 100 percent confident that there was a day when my good friend Jack Bogle felt the same way. And that there was a day when my good friend Larry Swedroe felt the same way. And that there was a day when my good friend Bill Bernstein felt the same way. And that there was a day when my good friend Scott Burns felt the same way.
A Second Great Depression will cause vast amounts of human suffering, Anonymous. I have a funny feeling that these good people are going to respond to seeing that vast amount of human suffering playing out before them by swallowing their pride a little bit and learning how to pronounce the words “I” and “Was” and “Wrong.”
I’ll let you in on a little secret. I think that you, my friend, may do the same.
I wish you all the best that this life has to offer a person.
Rob the Fellow Who Remains Confident of the Basic Goodness of His Buy-and-Hold Friends