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:
Of course, if you have a new source of information and can provide links (other than your comments), we would be happy to hear it. Everyone is still waiting for your link to the so called “death threats”, so that might be a good start.
I said what I have to say up above, Sammy.
“Everyone” will decide based on that. And of course some of “everyone” will make one call today, when the flaws in the Buy-and-Hold strategy haven’t done all that much obvious harm, and a different call in the days following the next price crash, when the harm done will be too obvious for even a single one of us to rationalize away.
We will talk about the death threats and lots of other stuff then. But we won’t be engaging in silly discussions about links when we can figure out the basics of what is going on just by looking at the discussion thread that appears before our eyes at the very moment. When we do it that way, things will move forward at a much quicker pace and in a much more positive and constructive and life-affimring direction.
We need to want to move in a positive direction to make forward progress. We of course all want the same thing deep inside. But at this moment in time a lot of us are compromised because we have big investments in Buy-and-Hold. Perhaps we have made a career promoting it. Or perhaps we have our names on articles advocating it. Or perhaps we have followed it ourselves and experience emotional pain to even consider the possibility that we got investing wrong a number of years back when we first became Buy-and-Holders. Or perhaps we encouraged our friends to become Buy-and-Holders and feel shame about that.
All of those obstacles to progress vanish into the mist when the pain of staying on the mistaken course becomes too great for us to ignore. Then we will all be united and we will move forward very quickly and we won’t need to be fretting about silly links.
These are my sincere thoughts re these terribly important matters, in any event.
I wish you the best of luck in all of your future life endeavors, my good friend.