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LwC

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  • LwC commented on Joseph L Shaefer's article 03-18 08:29
    Index Investing Is a Delusion
    “Illusion is an impression that, though false, is entertained provisionally on the recommendation of the senses or the imagination, but awaits...
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    LwC 03-18 09:29
    • Since I don’t follow golf or basketball, your analogies are lost on me, and therefore I am uninterested in playing that game. 

       

      I’ve simply proposed the idea that while the author of this article has declared that investing in broad market index funds is “delusional,” he is contradicted by one of the most successful investors of all time. I therefore asked the author if he thinks Mr. Buffett is also delusional. 

       

      That’s a straightforward question that IMO is apropos to the assertion made by the author. A question that the author has dodged answering. So, what say you about that? Do you also believe that Mr. Buffett is delusional? 

       

      And BTW, I noticed that you describe your performance as “adequate” and refused to disclose if you actually did better than an index fund investment would have done, dismissing my query as a game that you are “uninterested in playing.” But you yourself started that game by, IMO, implying that you are “among the few” who consistently outperform the results of an index fund investment.

       

      Good luck to you sir.
  • LwC commented on Joseph L Shaefer's article 03-16 12:16
    Index Investing Is a Delusion
    “Illusion is an impression that, though false, is entertained provisionally on the recommendation of the senses or the imagination, but awaits...
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    LwC 03-16 13:16
    • Yes, all we need to do is buy low and sell high. No problem, and so original too! If only your good buddy “Warren” had sought out your advice before he became “delusional” and recommended index funds.

       

      And of course you’ll be happy to prove your prowess at buying low and selling high, right? Please post your unadulterated investment results for, say, the last 10 years? 

       

      Then readers can see not only that you did better than the hedge fund managers who took the other side of Mr. Buffett’s 10 year bet that an investment in a broad market low cost index fund will outperform most active investors, but also that you did indeed achieve results that are better than the index fund did. You know, so we can see that you are indeed “among the few.”

       

      If GuruFocus can authenticate your results, maybe they’ll add you to the list of “gurus” that they follow. After all, what can be simpler than just buying low, and selling high?
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