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Retire Early Home Page • View topic - JWR - still wiping the snot from Rob's runny nose

JWR - still wiping the snot from Rob's runny nose

Get the latest happenings from the world of Russell-mania. Learn how to become your own sorcerer's apprentice and mine financial statistics, torture numbers, and delete inconvenient data points to support your theories. Russell often teams up with Rob Bennett, author of Passion Saving to form the Troll Brothers when they post in tandem on Internet discussion boards.

Re: JWR - still wiping the snot from Rob's runny n

Postby Schroeder » 01/15/09 at 11:08:14

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Re: JWR - still wiping the snot from Rob's runny n

Postby Orion. » 01/15/09 at 12:07:47

Seriously, hocus, I don't know if you're really insane or you just believe that acting that way is a good way to get attention.

My closest friends say that it appears to them that's a little bit of both.. -- hocus 2007.
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Re: JWR - still wiping the snot from Rob's runny n

Postby DRiP_Guy » 01/15/09 at 12:23:53

Robert Michael "Hocus" Bennett, October 22, 2010: "I have been living off my savings for 10 years"
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Re: JWR - still wiping the snot from Rob's runny n

Postby DRiP_Guy » 01/15/09 at 12:28:40

Robert Michael "Hocus" Bennett, October 22, 2010: "I have been living off my savings for 10 years"
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Re: JWR - still wiping the snot from Rob's runny n

Postby hocus2009 » 01/15/09 at 12:39:49

Don't expect to get correct change from a restaurant. \r

Say that you tried to reduce the processes that are followed to get correct change to a "system."

You would bring about a disaster.

I have seen this tried in McDonalds. I presented a cashier with a coupon and placed an order. The coupon didn't fit in to her idea of what was supposed to happen when she made change. She pushed the same buttons that she usually pushed, but the amount she handed me was obviously not right. She had taken something that can never be entirely reduced to a system and tried to reduce it entirely to a system.

This is what you have done with investing. Investing cannot be reduced to a system.

There are rules that you can follow. But you need to understand why those rules are there and what the exceptions are. Passive Investing dogmatists lack this understanding and flexibility.

Rational Investors do not lose sight of the purpose of the rules -- to obtain the highest possible return at the lowest possible risk.

Rational Investors change their stock allocations when this is required for them to achieve their goals. They don't let the "system" that tells them to do otherwise stand in the way of their doing what they need to do to achieve their goals.

You have put the system ahead of the goal. That's a mistake. A system that defeats the goal is a system that needs to be junked.

Rob
If you cherish lying and ruining internet communities as much as I do, please support me by buying many copies of my vanity book. Your children will love budget sex and your purchase is tax deductible (Schedule A: casualty loss).

Luvya Boo! Please come back.
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Re: JWR - still wiping the snot from Rob's runny n

Postby Orion. » 01/15/09 at 12:44:57

Coupons at McDonalds: The result of a decade of "Rational Investing" on a guy who used to have a 6 figure salary.
Seriously, hocus, I don't know if you're really insane or you just believe that acting that way is a good way to get attention.

My closest friends say that it appears to them that's a little bit of both.. -- hocus 2007.
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Re: JWR - still wiping the snot from Rob's runny n

Postby Schroeder » 01/15/09 at 13:26:04

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Re: JWR - still wiping the snot from Rob's runny n

Postby DRiP_Guy » 01/15/09 at 14:29:40

Robert Michael "Hocus" Bennett, October 22, 2010: "I have been living off my savings for 10 years"
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Re: JWR - still wiping the snot from Rob's runny n

Postby DRiP_Guy » 01/15/09 at 14:31:50

Robert Michael "Hocus" Bennett, October 22, 2010: "I have been living off my savings for 10 years"
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Re: JWR - still wiping the snot from Rob's runny n

Postby hocus2009 » 01/15/09 at 14:37:54

Why can't you build a system that describes when an investor should change their stock allocation?

Have Passive Investors been able to identify one stock allocation that is best for all investors?

They have not. Personal circumstances need to be taken into account.

That's the same reason why I cannot tell you what stock allocation all Rational Investors should go with.

All that I can tell you is that changing one's stock allocation in response to dramatic price swings always yields better long-term results than failing to do so.

Rob
If you cherish lying and ruining internet communities as much as I do, please support me by buying many copies of my vanity book. Your children will love budget sex and your purchase is tax deductible (Schedule A: casualty loss).

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Re: JWR - still wiping the snot from Rob's runny n

Postby Orion. » 01/15/09 at 14:41:16

Seriously, hocus, I don't know if you're really insane or you just believe that acting that way is a good way to get attention.

My closest friends say that it appears to them that's a little bit of both.. -- hocus 2007.
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Re: JWR - still wiping the snot from Rob's runny n

Postby hocus2009 » 01/15/09 at 14:44:55

A rocket scientist can build a system that describes when to adjust course, right?

No.

He can determine what factors usually apply and develop effective guidelines.

But he needs to be willing to adjust his guidelines in circumstances that require adjustments. Failing to make necessary adjustments is irrational. It is the sort of dogmatism that is characteristic of Passive Investing advocates. I oppose that sort of thing.

The goal should be to achieve good investing results, not to become a slave to a "system."

I want financial freedom. Any system that stands in the way of me achieving that is a system that I can do without.

Your desperate need for a "system" is a sign of insecurity, Schroeder. The cause of the insecurity is your "belief" in Passive Investing. You don't believe on a deep level. You have common sense, like all the rest of us. Your common sense stands in opposition to your Passive Investing "needs."

I don't need no stinkin' system. Financial freedom is good enough. And I think it's fair to say that there's no way that one person can have both. Phony "systems" are a big negative.

Rob
If you cherish lying and ruining internet communities as much as I do, please support me by buying many copies of my vanity book. Your children will love budget sex and your purchase is tax deductible (Schedule A: casualty loss).

Luvya Boo! Please come back.
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Re: JWR - still wiping the snot from Rob's runny n

Postby hocus2009 » 01/15/09 at 14:47:15

There are several simple systems such as your age in bonds.

It is this sort of "system" that has caused the pain that we are living through today.

Yuck!

I'll go with a rational approach over a Get Rich Quick "system" every time.

Rob
If you cherish lying and ruining internet communities as much as I do, please support me by buying many copies of my vanity book. Your children will love budget sex and your purchase is tax deductible (Schedule A: casualty loss).

Luvya Boo! Please come back.
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Re: JWR - still wiping the snot from Rob's runny n

Postby Orion. » 01/15/09 at 14:51:22

Seriously, hocus, I don't know if you're really insane or you just believe that acting that way is a good way to get attention.

My closest friends say that it appears to them that's a little bit of both.. -- hocus 2007.
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Re: JWR - still wiping the snot from Rob's runny n

Postby Schroeder » 01/15/09 at 14:59:32

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