“If Buy-and-Hold Were a Real Thing, the Buy-and-Holders Would WELCOME Challenges to Their Thinking.”

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

Each of those points have been addressed and shown as to how you are wrong with your interpretations. If you really had things lined up as you say, you would have thousands of people posting here at your website, showing their support.

Anyone who expresses strong support knows that his family members will be threatened with bodily harm and that his career will be threatened, just as we saw with Wade Pfau and John Walter Russell and Microlepsis and John D. Craig and on and on and on.

Those are desperate tactics, Anonymous. If Buy-and-Hold were a real thing, the Buy-and-Holders would WELCOME challenges to their thinking. They would see the challenges as opportunities to nail things down in their own heads. The insane defensiveness that we have seen for 19 years tells us that the Buy-and-Holders themselves have grave doubts about the “idea” that there is no need to practice price discipline (market timing!) when buying stocks. I mean. come on.

The fact that the Buy-and-Holders are so defensive is no reason for those of us who believe that Shiller’s Nobel-prize-winning research is legitimate research not to spread the word to others about what we believe. I see it just the other way around, The insane defensiveness of the Buy-and-Holders shows why it is absolutely imperative that we do all we can to spread the word before this long-discredited “strategy” (Buy-and-Hold is in truth a marketing gimmick, not a strategy) does even more harm to even more people.

That’s my sincere take, in any event.

I naturally wish you all good things.

Rob