Buy-and-Hold Goon to Rob: “If You Don’t Know Technical Information, Do You Know What the Investing Research REALLY Says?

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 don’t possess any expertise on any of the technical stuff, that is certainly fair to say.”

If you don’t have technical information, do you know how to fix a car?

If you don’t know technical information, can you understand the drawings of an engineering drawing?

If you don’t know technical information, do you know what the investing research REALLY says?

The answer to all is no. Therefore, you shouldn’t be telling anyone what YOU THINK the research says.

If there’s 41 years of peer-reviewed research showing that driving drunk is dangerous, I don’t need a degree in engineering to come to the conclusion that it’s a bad idea.

I am not the only person who THINKS that irrational exuberance is a real thing. It’s right there in the title of his book. And he was awarded a Nobel prize for doing the research that he writes about in his book. The people who awarded him the Nobel prize possess technical expertise.

If I say that Greaney’s study contains a valuation adjustment, I am engaging in financial fraud, a felony. I believe that is is better to say what I THINK than to say the opposite of what I think. I’m going to continue doing it.

My best wishes to you regardless of what investment strategy you elect to follow.

Rob