Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Why do you think you need John Bogle to be successful? Seems to be a big cop out.
Why wouldn’t I want Jack helping us all out, Laugh? He has money, he has name recognition, he had connections, he has a lot to bring to the table.
Let’s look at one simple matter. We need to get the peer-reviewed research that I co-authored with my good friend Wade Pfau written up on the front page of the New York Times, right? Well, Jack knows people there. If Jack goes to his friends at the New York Times and asks that my research paper be written up on the front page, it will happen.
That’s how the world works.
And millions of people benefit.
And you see something negative about this? I certainly do not. I see it as a wonderful thing that I can help Jack out and that he can help me out and that together we can help millions of middle-class investors out.
You detect a negative because your pride SUPPLIES a negative. You don’t want to say the words “I” and “Was” and “Wrong” and your screaming, inured ego says “I don’t care if the entire world burns to the ground, I will never, ever, ever acknowledge that it is possible that I could make a mistake!”
I don’t buy it, Laugh.
You and your ego live in the same world that all the rest of us live in.
Burn that world to the ground and you hurt Laugh and his precious ego along with the millions of others.
At some point you have to acknowledge that there are other people in the world and that they matter too.
That’s my sincere take re this terribly important matter, in any event.