“I Don’t View Irrational Exuberance As Something You Can ‘Miss Out On.’ I View Irrational Exuberance As Something You Try Like Heck to AVOID.”

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 call it pretend just to make yourself feel better after missing out on the bull market enjoyed by the Buy and Hold crowd.  Meanwhile VII investors now have to work much longer to make up for the poor performance.

I call it pretend because I believe it is pretend. I don’t view irrational exuberance as something you can “miss out on.” I view irrational exuberance as something you try like heck to AVOID.

I naturally wish you all good things.

Rob