“Of All the Things That Bogle Got Right, the Most Important One Was the One Where He Said That Investors Should Look to the Peer-Reviewed Research for Guidance on How to Invest in Stocks. He Should Have Just Stuck With That.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

And someday, Jack and Wade will come crying to you, saying that they have been wrong about you all along and will plead to work with you to solve the economic crisis. They will also be the first to help you get the $500 million you so richly deserve. You will be featured on the front page of the New York Times, books will be written about you and every financial conference will want you as the keynote speaker. Meanwhile, all the goons will be headed to prison, with John Greaney and Mel Lindauer facing the longest prison terms for their part in the massive cover up, death threats, etc…………………………….and then you will wake up from your dream and return to reality.

And Bogle will get credit for all of his many genuine contributions because he really is a giant in this field. And Wade will be awarded the Nobel prize that he so richly deserves. And we will pull out of the Buy-and-Hold Crisis and enter a period of prolonged economic growth. And millions of middle-class people will learn how to invest in way that provides far higher returns at greatly reduced risk. And all of our Wall Street Con Men friends will be able to make more money than ever before because people will feel safer investing in stocks once the risk of stock investing has been greatly diminished. And all of our blogger friends will be having a blast exploring all of the hundreds of exciting debate that were taken off the table during the Buy-and-Hold years but which finally can be discussed freely. And the number of people who can retire early will be greatly expanded.

Please tell me the downside, Anonymous.

Of all the things that Bogle got right, the most important one was the one where he said that investors should look to the peer-reviewed research for guidance on how to invest in stocks. He should have just stuck with that.

My sincere take.

And my best wishes to you.

Dream-Weaver Rob