Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
When two sports teams compete, one side wins and the other side loses. The losing team accepts the fact that they were wrong (did not do the right things to win the game). The losing team doesn’t blame the winning team for their own failures. Get the picture?
You are broke. You are on the losing team. You made the wrong choices. The buy and hold crowd one the game with consistent retirement successes. Stop blaming those that made the successful people for making the right choices. Accept the fact that you were wrong and are broke as a result of your decisions.
The Buy-and-Hold team has failed for 23 years to insist that the Greaney retirement study be corrected. The Buy-and-Hold team lost the game.
The object of the game is not to avoid admitting that you ever got anything wrong. The object of the game is to help the people who listen to your investment advice. Acknowledging mistakes is a key part of what it takes to win the game.
That’s where I’m coming from re this terribly important matter, in any event.
Rob
Rob Bennett is the financial community leader.
Rob Bennett determines what the peer reviewed research REALLY says.
Rob Bennett determines what studies have to change in order to fit his narrative.
Rob Bennett does not need to listen to anyone else.
Rob Bennett does not need to allow posts on his website, but all of his posts must be allowed on everyone else’s website.
Rob Bennett can say whatever he wants and everyone needs to agree with it. Everyone else just needs to keep it zipped if they don’t agree with Rob Bennett.
Rob Bennett says that the same laws that apply in every field other than the investment advice field should apply in the investment advice field as well. When new research is published, people should be able to discuss it at every site and make up their own minds about it.
Rob