Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
With a zero return, I think “wasted” is closer to the mark instead of “invested”.
In terms of dollar bills, the return has indeed been zero.
In terms of building a model for understanding how stock investing works that will be improving the lives of millions for many years to come, the return has been off the charts.
I have lost every process battle. And I have won every content battle.
That puts me in a strange place. I’ll grant you that much. But it’s not a bad place. There’s bad in it. It’s a mix of bad and good. But the good is 50 times more good than the bad is bad. So I think it would be more accurate to say that I am in a very good place than to say that I am in a bad place.
Valuation-Informed Indexing is the future, Buy-and-Hold is the past. And I have played a big role in bringing about the transition. I can live with that, you know?
My best wishes.
Fully Invested (Not in Stocks, in Valuation-Informed Indexing!) Rob
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