Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
We read the post. It was not a threat, it was about personal safety. Also, you, nor your family, was even mentioned in the post. You know this and that is why you always avoid posting a link.
Discussions of gun safety have no place in discussions of whether or not it is necessary to take valuations into consideration when calculating the safe withdrawal rate. Buy-and-Hold is not a real thing, it is a marketing gimmick. If Buy-and-Hold were a real thing, one of the Buy-and-Holders would have advanced some reason for believing that market timing is not always required a long, long time ago.
Buy-and-Holders don’t want to discuss this question because there is no reason for believing that and there never could be. It is an absurdity. Every market that has ever existed has required price discipline to function properly and market timing is the means by which price discipline is applied to the stock market.
That’s my sincere take re these terribly important matters, in any event.
My best and warmest wishes to you and yours.
Rob


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