“Asking Me to Show You One Portfolio in Which Buy-and-Hold Didn’t Work Is Like Asking Me to Show You One Case in Which Someone Driving Drunk Didn’t Work.”

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

Again, show just one portfolio in which buy and hold didn’t work.

Show me one portfolio in which Buy-and-Hold was employed and I’ll show you one in which it didn’t work.

Asking me to show you one portfolio in which Buy-and-Hold didn’t work is like asking me to show you one case in which someone driving drunk didn’t work.

Driving drunk is always a bad idea. Going with a pure Get Rich Quick investment strategy is always a bad idea.

The aim of investment advice should be to lower risk and increase long-term returns, not the opposite.

My sincere take.

Madcap Rob