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 all the people you talk about are all financially successful, yet you are the only one broke. Yet some you think people should take your advice.
Any financial issues I have experienced are because of abusive posting on the part of Buy-and-Holders. Buy-and-Holders obviously don’t have to deal with that problem.
Buy-and-Hold was developed in the 1960s. Shiller’s Nobel-price-winning research showing that valuations affect long-term returns hadn’t yet been published. You wouldn’t expect everyone to make the switch to the superior strategy in 24 hours. People need to have discussions and ask questions before they feel comfortable making the change. Because of the abusiveness of the Buy-and-Holders, that has never happened. We are stuck where we were prior to the publication of Shiller’s amazing research. To move forward (which benefits everyone!), we need to open every site to honest posting re the peer-reviewed research.
I think we will make it in time. I believe that we are a fundamentally good people. We have seen that even many Buy-and-Holders (people like Bernstein and Bogle before he died) see the merit of permitting honest posting.
Rob


feed twitter twitter facebook