Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You seem to throw the word “goon” around at the drop of a hat. What makes someone a goon in your world?
In this context, a Goon is someone who directs his energies to suppressing discussion of the last 42 years of peer-reviewed research in this field. 90 percent of Buy-and-Holders are not Goons. I think that the Buy-and-Holders are wrong in their understanding of how stock investing works (they believe that market timing/price discipline is not required). But that’s fine. I can learn from them and they can learn from me. I like them and I respect them. The Goons make up about 10 percent of the population of Buy-and-Holders. They have no interest in learning anything about stock investing that was not known at the time when the Buy-and-Hold strategy was being developed. They want to block learning in this field, no matter what it takes.
I like learning. So, while I like some of the Goons as people and have had good times with a number of them, I oppose the anti-learning Goon agenda.
Rob
The people you call “goons” are the one’s that actually are trying to help you and, by default, your family. These goons warned you a long time ago that you were headed towards disaster and they ended up being right. If you would have taken their advice, you would not be in such dire circumstances. Instead, you would have been gainfully employed, still married and millions in your investment account. You would have had a happy family and a comfortable retirement.
The people that just sat there saying nothing are not your friends. They did not help you at all. You are like the drug addict or the alcoholic where the people that are telling you the hard truths don’t want to see you going down the path of destruction. Those that go along with you, like the drug addicts and alcoholics, aren’t helping you at all and are just enabling the bad behavior.
Um….Thanks, I guess.
Rob