Financial Advisor wrote:
Stanley Morgan wrote:I am heartened to read John Hussman's support of buy-and-hold investing.
Despite his poor record as an investment manager and prognosticator, Hussman is a highly educated man. He knows that over the long haul, equities are the best investment by far.
No one should be surprised by this. Hussman has a history of supporting buy-and-holders.
Try to keep up wrote:
Financial Advisor wrote:Despite his poor record as an investment manager and prognosticator, Hussman is a highly educated man. He knows that over the long haul, equities are the best investment by far.
No one should be surprised by this. Hussman has a history of supporting buy-and-holders.
Hussman's view is most will likely abandon passive investing in a market decline.
The discussion is about buy-and-hold, not buy-and-bail.
Rice Delman wrote:
I will say April 1, 2018.
Who knows, if you make a different prediction under your two dozen handles, you might hit one.
But, probably not!
The day all Muppet investors should celebrate. Your designated holiday.
Go Fats!
It should be no surprise that Igy considers April 1 to be a holiday.
No, Rice said it is your Holiday. Muppet's rejoice!
It’s not a holiday, Igy. We're not stupid like your Muppet clients.
Rice here. You are Captain of the Muppet, riding off the end of the earth of passive investing. And you have no clients, just a passenger on your useless ride down of your investments.
You have me confused with Igy who is the real Captain of the Muppets (aka his clients). Also, Igy will be peeved with you for disparaging passive investing given that his guru John Hussman is a believer.
Rice here. You got me. I had to make up stuff because it’s hard to defend Igy with his weak position.
Go Fats!
Gruntz wrote:
You have me confused with Igy who is the real Captain of the Muppets (aka his clients). Also, Igy will be peeved with you for disparaging passive investing given that his guru John Hussman is a believer.
"Investors and even financial professionals rarely recognize asset bubbles while they are in progress. As the price of a financial asset rises, investors have an increasing tendency to use the past returns and the past trajectory of the asset as the basis for their future return expectations. The more extended the advance, and the higher valuations become, the more stable and promising the investment can appear to be, when judged through the rear-view mirror. That extrapolation was at the root of the tech bubble that ended in 2000, and the mortgage bubble that ended in 2007. It is also at the root of the very mature bubble that has again been established today. The exodus of investors from flexible investment disciplines to passive investing and indexing, at valuations that are among the most obscene in history, is a symptom of a performance-chasing mentality dressed in the clothing of prudence."
--John Hussman, Weekly Commentary 2/6/2017
Oh Phats!
And how much have the markets gone up since Feb 6? Poor Hussman...wrong again.
Let's discuss the subject again when the market is down 60%.
Oh Phats!
John Hussman wrote:
Let's discuss the subject again when the market is down 60%.
Great. Come on back then. I’ll enjoy the lack of nonsense in the meantime.
Oh, Snap!