A Rich Life

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

“You Can’t Have a CAPE Value of 38 Unless Most People Are Deceiving Themselves About How Stock Investing Works.”

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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:

Funny how everyone else is wrong and here you sit as the broke guy in the room.

By definition, you can’t have a CAPE value of 38 unless most people are deceiving themselves about how stock investing works. If we were all thinking clearly, the CAPE value would be a reasonable number. And, when most people are deceiving themselves to the extent they are today, most people don’t want to be told that. So the people telling the real story become outcasts.

The other side of the story is that we saw thousands of people expressing a desire that honest posting be permitted at every site. And you Goons obviously concluded from what you saw that there was zero chance that Buy-and-Hold would prevail in a civil, reasoned debate or else you never would have behaved in the manner in which you did.

So we will have some rough days ahead. But the longer term future looks very promising indeed.

My best wishes to you and yours.

Rob

Comments

  2. People who are aware of errors in retirement studies and don’t do anything to insure that the studies are promptly corrected are letting down their fellow community members.

    Rob

  3. People who make up stories about errors and criminal acts as a cover story for their own failures are deceiving themselves.