“I Came Across This Quote From Upton Sinclair: ‘It Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It.’ That’s the Deal. Buy-and-Hold Is a Money-Maker. It Appeals to the Most Base Human Emotions and Thereby It Brings in the Bucks by the Truckload.”

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 was reading an article at another spot on the internet and I came across this quote from Upton Sinclair: “It is difficult to get a man to understand something when his salary depends upon his not understanding it.” That’s the deal. Buy-and-Hold is a money-maker. It appeals to the most base human emotions and thereby it brings in the bucks by the truckload.

I don’t think that we can afford it anymore. Too many human lives are in the process of being destroyed by this massive con. I think that after the next price crash we are going to have to realize that we need to move forward as a nation. I think we will.

But I don’t know everything. I could be wrong. It has happened before and, if it were happening again, I would probably be the last to know. So we are just going to have to wait to see how things play out in the days following the next crash.

My best wishes.

Upton Sinclair Fan Rob