Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Buy & Holders don’t have to concern themselves with theories. They choose an equities to fixed income ratio commensurate with their tolerance for risk and begin investing. Rebalancing takes care of those times when either asset class gets overvalued. And many Buy & Holders hold other equity classes other than the S&P 500, a practice which is anathema to LuckySeven as its Grand Poobah maintains that they should only hold that particular asset class. The proof is in the pudding. Rob Hocus No Step 2 Bennett is suffering through a failed attempt at early-retirement using his LuckySeven strategy while Buy & Holders have been richly rewarded by avoiding extremes.