We know about an investing strategy that beats Buy - and - Hold in 102
out of 110 time - periods, an investing strategy that permits us to obtain far higher returns at dramatically less risk, an investing strategy that permits us all to retire years sooner and that would bring us
out of this
economic crisis if we could share it with millions
of middle - class investors (if people could switch to an investment strategy that would put their retirement plans back on track, they would feel free to start spending again and businesses could start hiring again), and our first reaction is to come up with convoluted arguments as to why the best
thing to do is to AVOID learning more about it and to AVOID getting the word
out to the millions
of middle - class people whose lives we have destroyed with our promotion
of Buy - and - Hold.