1. Friday, July 6, 2012 - 2:06 PMRecency bias. It'll spawn silly articles and poor investing decisions. Go back to July, 1999, and read all the articles on why anything less than 100% in equities makes no sense. Indeed, read the articles on "the beauty of margin investing: leverage your way to wealth". Or not (chuckle). Back in 2005 - 2006, it was real estate. Last year it was gold. This year it's corn, and next year? I'm guessing pork bellies.
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Bozo129 posts since
Feb 14, 2011
Rep Points: 860
2. Friday, July 6, 2012 - 2:47 PMConventional wisdom or abnormal silliness...
There were the majority of "experts" several years ago who advocated 80% or 100% in international funds. It may be the same group of stupid (and boring, and noisy) people who now advocate 0% in international funds.
The rest of us, who are the "relatively smart" people will simply ignore this artical (and all others).
Fool me once, shame on you; fool me twice, shame on me:D
My Summer wish is that all these people will smartly shut up.
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51hh1,045 posts since
Jan 16, 2010
Rep Points: 4,764
3. Friday, July 6, 2012 - 2:59 PMWondering if anyone got the "pork bellies" joke. Eddie Murphy, "Trading Places", 1983.
1
Bozo129 posts since
Feb 14, 2011
Rep Points: 860
