Set forth below is the text of a comment that I recently posted to the discussion thread for one of my columns at the Value Walk site:
Spare me your silly slogans. I only deal with facts.
Buy-and-Hold — The Respectable Ponzi Scheme.
I’m just having a little fun, Sammy.
If I were being serious, I would ask you whether you consider emotions to be “facts.”
That’s the big mistake that Buy-and-Holders make. They feel uncomfortable talking about emotions. They like to talk only about “facts.” But investors are humans and humans have emotions. Emotions matter — That’s a fact. If you fail to consider the emotional side of investing, you fail to consider all the facts.
Or so says Rob Bennett, in any event.
Re that,here’s another silly slogan: Rob Bennett — Another One of Those Darned Flawed Humans!