Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Setting aside the last 20+ years, what single accomplishment have you achieved in the last 5 years?
I had a huge accomplishment in early 2019, when I finished my article “Buy-and-Hold is Dangerous.” Finishing that article told me that I now possessed a sure enough grasp of what happened with Buy-and-Hold to be able to write a book about it.
I haven’t finsihed the book. But I am getting closer. My new target date is July 1, 2024. Each time I finish another chapter, that’s another accomplishment. And there are a lot of finished chapters! So making continued progress on the book is a regular thrill.
We need a book that tells people how stock investing works. The title of the book is “Investing for Humans.” That’s a bold title. Has there never before been a book showing humans how to invest in stocks? The incredible reality is thaat there has not ever been one. Shiller’s Nobel-prize-winning research showing that market timing is 100 percent required was not published until 1981. So, before that, we just didn’t know. And since 1981, we have as a nation of people been too afraid of upsetting the Buy-and-Holders to explore the far-reaching how-to implications of Shiller’s amazing research. When I saw Buy-and-Holders endorsing death threats to suppress discussion of the error in the Greaney retirement study, I concluded that someone needed to do something about this exceedingly strange situation and that the universe had selected me for the job. So I got down to business. And here I am!
Anything that move the book project along is a major achievement. And there have been a lot of those over the past five years and the past 20 years. My strong inclination is to just keep doing what works.
My best wishes, etc.
Rob
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