Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
I think Rob already ranked himself above Bogle, so he didn’t really move up a notch.
What I say is that my work completes Bogle’s work by making it effective in the real world.
Buy-and-Hold is a numbers-based strategy. He developed it before Shiller published his “revolutionary” (Shiller’s word) research findings of 1981. And in the 38 years since, Bogle has never updated the Buy-and-Hold strategy to reflect the Nobel-prize-winning research showing that a valuation adjustment must be made to every calculation. So all of the calculations generated by the Buy-and-Holders are in error!
Huh? What the f?
The purpose of investment advice is to help people, not to ruin their lives. If we were all thinking clearly, there wouldn’t be one voice of dissent to my proposal that we open every discussion board and blog to honest posting re the last 38 years of pee-reviewed research by the close of business today.
I mean, come on.
True Boglehead Rob
feed twitter twitter facebook