A Rich Life

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

“If You Look at Statements by Buy-and-Holders, You Will See That They Often Recommend Taking the Peer-Reviewed Research Into Consideration. It Was Their Focus on the Peer-Reviewed Research That Drew Me to the Buy-and-Hold Strategy in the Days When I Was a Buy-and-Holder. If Only the Buy-and-Holders Had Listened to Themselves!”

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

So you think drug addicts and alcoholics are rational people, but those of us that don’t want to go broke like you are irrational.  Got it.

Yes, people who suffer from addictions do not behave in a rational manner. They behave in a self-destructive manner. But it is not that they lack the capacity for reason. Addicts often evidence rationality in many other areas of life. The problem is that the addiction cancels out rationality in the area where the addiction takes hold.

If Buy-and-Holders were capable of thinking clearly, they would be happy to see discussions of what the peer-reviewed research says. If you look at statements by Buy-and-Holders, you will see that they often recommend taking the peer-reviewed research into consideration. It was their focus on the peer-reviewed research that drew me to the Buy-and-Hold strategy in the days when I was a Buy-and-Holder. If only the Buy-and-Holders had listened to themselves!

Rob

Comments

  1. The research says you went broke, your wife divorced you and you lost the house to your wife. The conclusion from that research says your plan failed.

  3. It doesn’t matter if you like it or not. Real research is based on facts, not emotions or opinions.

  4. Okay, Anonymous. The research that you are referring to surely had a big influence on Wade Pfau. I think that much would be fair to say.

    My best wishes.

    Rob

  5. Yes. Wade has been impacted by research. We see that he avoids you and refuses to push timing schemes in his books. You have constantly asked him to comment on Shillers work and he did so on a recent podcast where he pointed out how timing with CAPE has not worked since the release of Shiller’s paper. That really wasn’t surprising since Shiller already warned people to not time the market with CAPE.

  6. I believe that we should be permitting honest posting re the last 42 years of peer-reviewed research at every site, without a single exception and with zero abusive posting (and certainly with no criminal stuff). I want to hear from Shiller. I want to hear from Pfau. I want to hear from Bernstein. And on and on and on. And I dont want any of them to hold anytjhing back because they are worried about what the Buy-and-Hold Goon Squads will do to them if they speak in complete honesty.

    That’s where I’m coming from re this one, Anonymous.

    My best wishes to you.

    Rob