“Most Alcoholics and Drug Addicts Are Rational, Intelligent People. The Same Is True of Most of the People Who Fail to Engage in Market Timing/Price Discipline When Buying Stocks.”

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

No one wants to be a drug addict, so rational people avoid drugs.  No one wants to be an alcoholic, so a rational person avoids consuming excess alcohol.  No one wants to be broke, so a rational person avoids market timing schemes so that they are not broke like you.

Most alcoholics and drug addict are rational, intelligent people. The same is true of most of the people who fail to engage in market timing/price discipline when buying stocks.

We shuuld be trying to help people tune out the Get Rich Quick/Buy-and-Hold noise. That’s the primary job of an investment advisor.

My best wishes to you.

Rob