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Preview: Comments on: Podcast #7 — I Know More About Investingthan John Bogle (and You Can Too!)

Comments on: Podcast #7 — I Know More About Investingthan John Bogle (and You Can Too!)



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



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By: Rob

Sat, 23 Aug 2008 18:01:46 +0000

The Efficient Market Hypothesis FORCES a convoluted way of thinking. You and I see eye to eye re this one, John. There was a day when the Efficient Market Hypothesis led us to some good places. That day is long behind us now. People need to work up the courage to call a spade a spade and to call a failed model for understanding how stock investing works a failed model for understanding how stock investing works. It's over. People (including the big-name experts) need to give it up. Rob



By: John Walter Russell

Sat, 23 Aug 2008 17:56:33 +0000

That person was right when he mentioned a "sport" for PhDs. The jargon in many studies is so convoluted as to make them unreadable. How many times have you seen that a higher reward implies greater risk? [For example, in explaining the value premium.] That way of thinking is ridiculous, of course, but I have seen it too many times. The Efficient Market Hypothesis FORCES a convoluted way of thinking. Common sense says otherwise. Have fun. John Walter Russell