Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Tip: If you can’t link to a NYT or WSJ article about it, it probably doesn’t exist in the wider world.
If you take a look at the “People Are Talking” section of the site, you will come across a quote in which Bret Arends says in the pages of the Wall Street Journal that the Wall Street Con Men pushing Buy-and-Hold strategies 33 years after the peer-reviwed research showed that there is zero chance that they could ever work for even a single long-term investor are “leaving out half the story.”
Arends is saying that those pushing Buy-and-Hold today are involved in a massive act of financial fraud. He doesn’t use the blunt language that I do because he knows what would happen to his career if he did so. But “leaving out half the story” is financial fraud. The millions of people who have never heard the other half of the story are suffering in very serious ways. It was leaving out half the story that caused our economic crisis. Millions of people are unemployed today because of the decision by the Wall Street Con Men to leave out half the story of what the peer-reviewed research in this field tells us about how stock investing works.
This site tells the other half of the story, the half that the Wall Street Con Men leave out of their articles and speeches and studies.
Good for me for telling the full truth about these matters. I expect to become one of the richest men in the United States following the next price crash, when the massive act of financial fraud is exposed for all to see. I will offer no apologies for my the massive wealth I will have attained at that time. I will have earned it. There are millions of middle-class people who very much need to hear the full story of how stock investing works and I intend to bring it to them. And under our system I should be compensated in a huge way for being the first person to have the guts to do what has long needed to be done.
Those who are leaving out half the story while pretending to be “experts” are committing crimes under the laws of the United States. I am telling.
My best wishes to you and yours, Anonymous.