Set forth below is the text of a comment that I recently posted to a blog entry at this site:
If they have done what you have said and you can identify them, then why have charges and/ or lawsuits not been filed?
Why weren’t charges filed against people who hung blacks from trees in the days of segregation in the South, Mr. Rational?
People feel “you can’t fight City Hall.” People rationalize that “it’s not my fight.”
It’s everyone’s fight.
We all work in the same economy. We all need to see it recover its health if we are to achieve our hopes to be able to retire someday.
The Buy-and-Hold Mafia is ruthless. The more the evidence mounts that Shiller is right, the more vicious become the tactics that are used to keep the millions of middle-class investors who need to know how dangerous Buy-and-Hold is from learning what the last 32 years of peer-reviewed academic research says on the subject.
When a few patriots work up the courage to stand up to the Mafia, lots of others will come forward. That will bring on a great learning experience for many and then even more will come forward. And then more. And then more.
And then your prison sentence will begin.
Live by bull market emotions, die by bear market emotions.
The good news is — There will be no more bull markets and bear markets once we open the internet up to honest posting. We have grown beyond them. And we have our Buy-and-Hold friends, who taught us the value of rooting our strategies in the peer-reviewed academic research, to thank for that.
Hang in there, man.