“I Have a Chapter in My Book Called ‘My Mother Speaks From the Grave Against Buy-and-Hold.’ My Mother Was Born in 1917. So She Was 12 Years Old When the Crash of 1929 Hit. She Had to Leave School in Eighth Grade to Work in a Factory to Put Food on the Table for Her Family. My Mother Loved School and Was Denied an Education Because of the Buy-and-Hold ‘Idea’ of Not Practicing Price Discipline When Buying Stocks. So This Is Personal for Me.”

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

You already said you depleted your assets. Why would you even wait to get even near that point. Why are you selling out your family?

My family has to live in this country, Anonymous. I obviously want to take care of my family. But part of taking care of my family is taking care of my country. I need to do both. I cannot throw either one overboard and still live with myself.

I have a chapter in my book called “My Mother Speaks From the Grave Against Buy-and-Hold.” My mother was born in 1917. So she was 12 years old when the Crash of 1929 hit. She had to leave school in eighth grade to work in a factory to put food on the table for her family. That experience was burned into her consciousness. She still talked about it when she was 93. There was no one else in my neighborhood who went to law school. The reason why I did is that my mother put so much emphasis on education because she loved school and was denied an education because of the Buy-and-Hold “idea” of not practicing price discipline when buying stocks.

So this is personal for me. People suffer real pain in these price crashes. There was nothing we could do about it in my mother’s day. Shiller hadn’t yet published his Nobel-prize-winning research. But now he has. So we should be talking about that research and helping people to invest more effectively at every site on the internet.

Why would you commit criminal acts? What happens to your family when you go to prison? I think it would be fair to say that my plan of continuing to post honestly re stock investing is 500 times better than your plan of committing criminal acts to stop people from posting honestly and then serving a long prison term after the next price crash as a result.

Family Man Rob