Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
I am guessing your own wife agrees more with me versus you.
I don’t agree with that. She hates the Goon stuff. She has total contempt for it. The sense in which she agrees with you is that she believes that a husband and father needs to be bringing in money, that there’s just no getting around that core reality.
She doesn’t understand the investing stuff well enough to see how it affects the lives of millions of people in very serious ways. If she saw that, I think she would agree with me all the way. She’s like all of the Normals in that respect. 90 percent of the Buy-and-Holders would never dream of advancing a death threat. So they do not support the Goon stuff. But they do not feel a sense of urgency re opening every site because they are not able to picture what the conseiences are likely to be if as a society we continue to fail to do that.
That’s why I believe that the next Buy-and-Hold Crisis will be the turning point. I believe that that will shock people out of their complaceny. They will be able to see with their own eyes how much Buy-and-Hold/Get Rich Quick has been hurting us all for as far back as the stock market has been in business. So long as prices remain high, it doesn’t seem like such a big deal to permit honest posting. It will be clear to everyone why it is important when Buy-and-Hold/Get Rich Quick does harm to millions of human lives. as it always does sooner or later.
But I don’t know everything. We will have to be a little patient to see how it all plays out.
Rob
“ The sense in which she agrees with you is that she believes that a husband and father needs to be bringing in money, that there’s just no getting around that core reality.
She doesn’t understand the investing stuff well enough to see how it affects the lives of millions of people in very serious ways.”
In short, she agrees with me and not you. Not surprising, she divorced you, as most wives would in similar situations.
How many wives will agree with me in the days following the next Buy-and-Hold Crisis, when the family finances of millions of people have suffered a devastating hit? I don’t find the joke a terribly funny one, Anonymous. I don’t want the human misery experienced by those millions of people on my conscience. Not this boy, you know/
Rob
There will never be a single wife out there that thinks their spouse should quit is job and neglect supporting her and the family. The only suffering will be had by those that did not sufficiently save money.
Okay, Anonymous.
I don’t feel a tiny bit comfortable saying that I believe that the Greaney retirement study contains a valuation adjustment. I would be grateful if you would try to find someone else.
Rob
“ I don’t feel a tiny bit comfortable saying that I believe that the Greaney retirement study contains a valuation adjustment.”
Using your logic, I don’t believe that Tesla has included a microwave oven in any of their vehicles.
Okay, Anonymous.
I naturally wish you all the best that this life has to offer a person regardless of which investment strategy you elect to follow.
Rob