Set forth below is the text of a comment that I recently posted to the dixcussion thread for another blog entry at this site:
No one is buying what you are selling. What friends are you talking about. You don’t have any friends posting here. Instead, you give us a link to old comments that are often taken out of context. There is not a single person alive today that will say they agree with you.
If we opened every site to honest posting re the last 42 years of peer-reviewed research, in time there wouldn’t be one person alive who would disagree that market timing/price discipline is always required.
If you hadn’t seen with your own eyes how many investors are interested in learning from the peer-reviewed research, you would never have advanced a single abusive post. If you thought that Buy-and-Hold might prevail in civil and reasoned discussions, you would welcome them.
Every abusive post by a Buy-and-Holder argues in favor of Shiller’s core finding that stock investing is at times a highly emotional endeavor. That’s a lot of arguments in favor of his Nobel-prize-winning research!
Rob
In the olden days you would be selling “Uncle Rob’s Miracle Elixir”. You lines are just new packing on an old con.
I believe that Shiller’s Nobel-prize-winning research represents a major advance. I believe that the shift from Buy-and-Hold to Valuation-Informed Indexing is the boggest advance ever achieved in the history of personal finance.
The amazing thing about market timing is that, so long as it is encouraged on a daily basis at every site, we could never see another bull market. Which means that we would never see another bear market. Whch means that we would likely never see another economic crisis. I can live with all that.
Rob
It worked so well for you. Just take a look at that impressive bank balance of $0.
Woe is me.
Please take good care, my dear Goon friend.
Rob