Set forth below is the text of a comment that was recently posted to the discussion thread for another blog entry at this site:
“But there’s a big difference between something being so “at least since 1975? and something being so for the entire history of the stock market.”
The stock market pre-1975 has no relevance to today. Those were horse and buggy days. Stocks were on paper certificates. No internet, hardly any mutual funds, no index funds. The few computers that existed ran on punch cards.
No, I’ll stick with what works now. I’m calling it GPI (Gold-Platinum Indexing.) The peer-reviewed paper discussed in that article was written by a real professor. It has lots of numbers and charts and funny math symbols. So it must be right. Any goons with me? Only takes one to double the number of VII followers.
Rob, when I take over Bogleheads I’ll be sure to mention that the GPI movement started on your site.
If I believed that the stock market pre-19775 had no relevance today, I would be a Buy-and-Holder too.
I don’t believe that. I look to the entire market history for guidance re what works.
But I certainly don’t take it personally that you hold a different belief. God made both chocolate ice cream and vanilla ice cream because the earth is inhabited by people who come to have confidence in different sorts of takes on things. It’s always been chocolate for me, man. And I’m right about that one, of course. Chocolate is obviously and truly superior! But if you prefer vanilla, I wish you the best of luck with it all the same and consider you a goofy, sort of mixed-up friend.
Please take good care.