“It Has To Be on Every Web Site. We All Have a Get Rich Quick/Buy-and-Hold Urge Residing Within Us and We Need Regular Reminders of the Dangers of Buy-and-Hold/Get Rich Quick. You Can Look at Today’s CAPE Value If You Want To Get an Idea of How Well the Current Procedure Works.”

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 information is out there.  It doesn’t have to be on every website.  Nothing is on every website.  Those that have any material amount of money in the market decide if and when they want to educate themselves on how to invest.  Investing is no different from an educational aspect vs any other topic.

It has to be on every web site. We all have a Get Rich Quick/Buy-and-Hold urge residing within us and we need regular reminders of the dangers of Buy-and-Hold/Get Rich Quick. You can look at today’s CAPE value if you want to get an idea of how well the current procedure works.

It’s not true that nothing is on every web site. It you went to any diabetes web site, there would be mention of the dangers of consuming too many sugars and cards. that’s basic, just as is the need always to engage in price discipline/market timing. Any web site on lung caner would mention the dangers of smoking.

Investing is completely different from any other field. People are repeatedly told that the thing that they must absolutely do (practice price discipline/market timing) might not be completely necessary. I mean, come on. In any other field, studies that gor the numbers wildly wrong would be promptly corrected. The 21-year cover-up of the error in the Greaney study is a national scandal.

If we are not going to permit the peer-reviewed research to be discussed, we should just shut down all the peer-reviewed journals. Leaving them open suggests to people that the findings of the peer-reviewed studies have some influence on the investment advice that is given to people.

Rob