“Humans Are Subject to Addictions. Get Rich Quick/Buy-and-Hold Investing Is Addictive. If We Are Going to Get People to Overcome Their Buy-and-Hold Addiction, We Are Going to Have to Open Every Site on the Internet to Postings Pointing Out the Dangers of a Pure Get Rich Quick Approach.”

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

“Everybody in this field reads the Wall Street Journal. So everybody in this field is in on it. Everyone knows that Buy-and-Hold is “hooey” and that the idea that market timing is not required is a “myth.” People don’t want to see their high-paying careers come to an end. So they keep their mouths shut. I think that we all should be speaking up. I think that we should be pointing out that the emperor is wearing no clothes. That’s my contribution, to state that plainly.”

If Everybody knows about it, why aren’t they investing via VII? Why aren’t they paying you your $500 million settlement?

Why didn’t everybody stop smoking on the day that the first research was published showing that smoking causes cancer?

Humans are subject to addictions. Get Rich Quick/Buy-and-Hold investing is addictive.

If we are going to get people to overcome their Buy-and-Hold addiction, we are going to have to open every site on the internet to postings pointing out the dangers of a pure Get Rich Quick approach. Humans are CAPABLE of rationality. But sometimes they need a helping hand to achieve it. That’s the case in the stock investing realm.

Rob