Set forth below is the text of a comment that I recently put to a blog entry at this site:
The “buy and hold mafia” blocks your success at every turn. It sends death threats to your millions of followers to keep them from commenting here, and has gotten away with all this for years. Not one arrest. That is one smart mafia. Yet they can’t stop your daily rants against them. That is one stupid mafia.
I agree with your suggestion that the members of the Buy-and-Hold Mafia are both very smart and very stupid, X Files.
I’ve never met a dumb Buy-and-Holder. They are aces in the I.Q. department. All of them. They possess far more firepower than what is needed to take on the job they have assigned themselves.
So far, so good.
What has tripped them up is that intellectual firepower can be used to reason or to rationalize. How intellectual firepower is employed depends on the human will. If our wills tells us that we don’t want to know the answer to a problem, it is the most intellectually skilled among us who do the best job of persuading themselves that they don’t know the answer.
The Buy-and-Hold Mafia isn’t just destroying the lives of millions of middle-class investors. It is destroying the lives of the Buy-and-Hold Mafia at the same time. The members of the Buy-and-Hold Mafia follow the advice they offer to others; they are not dishonest in that respect.
It’s all very tragic.
And very human.
I look forward to the day when I have the intellectual firepower and determination of the Buy-and-Hold Mafia helping me spread the word about Valuation-Informed Indexing, X Files. I could use some strong and hard-working troops fighting on my side!
Don’t let the bad guys get you down, man.
Rob the General Surrounded on All Fours Sides by “Enemies” Who Want All the Same Things He Wants