I’ve posted Entry #170 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called How to Become the Most Hated Blogger on the Internet — Point Out the Dangers of Buy-and-Hold!
Juicy Excerpt: The YouTube video of my Ignite presentation to the Financial Bloggers Conference for 2013 (FinCon13) is now available. It’s titled How to Become the Most Hated Blogger on the Internet. The fellow who writes the award-winning Joe Taxpayer blog wrote about the presentation at his blog and that post generated a long discussion (125 comments!) between me and my critics (or perhaps it was between me and one of my critics pretending to be several different people — you’ll get the joke if you read to the end of the discussion thread).
Joe and three other bloggers came up to me at the end of the other presentations to offer their thoughts on what I said. I was told that it was really smart marketing to focus on the “most hated” aspect of the story. People know that when one side in a debate evidences hate, they are revealing a lack of confidence, I was informed. So I was told to never miss an opportunity to play up this angle.
That makes sense. Unfortunately, I believe that the debate between Buy-and-Holders and Valuation-Informed Indexers may be the exception that proves the rule. The Haters have been directing their rage at me since the morning of May 13, 2002, when I put forward my famous post pointing out the errors in the Old School safe withdrawal rate studies. It hasn’t been my experience that their rage causes too many others to take my side.