A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

“Cuz All Us Moooorons Are Jez Too Stoopid, Right?”

by

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

“ Those people wouldn’t be having the same thoughts if we permitted honest posting re the last 40 years of peer-reviewed research at every site on the internet. ”

……..Cuz all us moooorons are jez too stoopid, right?

I knew about the error in the Greaney retirement study when I put my first post to the Retire Early board. I didn’t say anything until three years later. I guess I must be pretty darn stoopid too.

A bull market is a liar’s market. When a large number of humans get together and say “why don’t we all pretend that we have a lot more money saved than we really do,” they call that a bull market. And the humans all have something inside them that makes them want to go along with the funny joke and not call out the b.s.

Yes, the humans are stoopid in some important ways, Anonymous. But Shiller helped us advance in a huge way in our understanding of how stock investing works when he published his Nobel-prize-winning resesrch. I think we should give ourselves permission to talk about it and begin living far richer and better lives as a result. Sue me, you know?

Rob

Comments

  1. Yes, weez all justa buncha moooroooons and only Rob Bennett has all the right answers.

  2. I think that it’s the last 41 years of peer-reviewed research in this field that has all the answers. Once we decide as a nation of people to permit honest discussion of that research at every discussion board and blog on the internet (I believe that that day will come after the next price crash shows us in an up-close and personal way what going pure Get Rich Quick/Buy-and-Hold always translates into in the long run), I believe that the first true research-based strategy will start spreading like wildfire.

    We’ll see.

    Rob

  3. Downdt sell yerself shooort, Rob. Only you figgured out dadt there is only 1 studdy that makes up the last 41 yeers of reesearch and only you figgured our what Sheeler really meant but not what he said because he was skeeered of them goonies. Us moooorooons never thinked of all that.