“The Great Depression Was a Great Boon to Mankind. The Near Depression of the Early 1900s Was a Great Boon to Mankind. The Stagflation of the 1970s Was a Great Boon to Mankind. The 2008 Economic Crisis Was a Great Boon to Mankind, What Was I 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:

“The last 150 years did not turn out as you said it would. Why would anyone listen to what you have to say?”

Actually, it has. Buy and hold has always rewarded the patient. The market has always recovered and gone on to new highs. Yet we have never seen any successful outcome with market timing.

The Great Depression was a great boon to mankind. The near depression of the early 1900s was a great boon to mankind. The stagflation of the 1970s was a great boon to mankind. The 2008 economic crisis was a great book to mankind,

What was I thinking?

Rob