“Your Question Is Like a Drunk Saying ‘I Can Drive Home, I Feel Absolutely Great!'”

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, a guy that has been successful over 30 years should give consideration to what you think are positive reactions to your posts and your opinions?

Everyone should be open to taking what the peer-reviewed research says into consideration. It is always when irrational exuberance gets wildly out of control when we experience a Buy-and-Hold Crisis. What are people saying when irrational exuberance is out of control? They are celebrating the phone gains, treating them as normal. It is the phony gains that make Get Rich Quick/Buy-and-Hold strategies so popular. The research is teaching us all something important.

Your question is like a drunk saying “I can drive home, I feel absolutely great!” A drunk feels ARTIFICIALLY great. A Buy-and-Holder doesn’t know whether his strategies work or not because he is not willing to subtract for the effect of irrational exuberance. You get different results when you do the calculations properly.

My sincere take.

Rob