My E-Mail to Andrew Smithers, Co-Author of Valuing Wall Street

Set forth below is the text of an e-mail that I sent to Andrew Smithers, co-author of Valuing Wall Street, on March 3, 2010.

Andrew:

My name is Rob Bennett. I am the author of the “A Rich Life” blog (http://arichlife.passionsaving.com) and have long been a big fan of your work. Your article at the “Free Exchange” blog entitled “Lucas Roundtable: The EMH Must Be Discarded,”

http://www.economist.com/blogs/freeexchange/2009/08/lucas_roundtable_the_emh_must

is in my assessment one of the clearest and most powerful investing articles ever written. It is perfect!

I would be grateful if you would take a look at a Google Knol that I recently posted entitled “Why Buy-and-Hold Investing Can Never Work.” I am leading an effort to have the internet opened to honest posting on the Big Fail of the Buy-and-Hold Model (numerous discussion boards and blogs have banned honest posting on the flaws of Buy-and-Hold because it upsets those who have confidence in this model to learn of its weaknesses). I would be grateful for any feedback on the Knol that you might be able to offer.

Good luck in all your future endeavors!

Rob
http:arichlife.passionsaving.com