silver-bug

Stewart vs. Cramer: Long-Term Asset Allocation Incorrectly Maligned

Well, I think long term investing in this context (where a fund manager or a financial advisor "manages" your money) is overrated.

I agree with 8financial. "Everything works until it doesn't" is what's happening right now... and to quote Warren Buffett, "Only when the tide goes down will you know who's been swimming naked."

A lot of the fund managers have been acting like foxes watching over the hen-house, practically taking advantage of public who were willfully ignorant and acting like the owner of the hen-house giving the keys to the foxes willingly (I am placing blame on both the perpetrator and the victim). It works until it doesn't.

It is like the emperor who has been walking the streets naked. Once the hype is gone and the turd hits the fan, all hell breaks loose, and the public goes flailing around like headless chickens.

The bottom line is this: we are all in this together and there won't be victims unless we allow ourselves to be victimized. Ignorance and
complacency can harm us.

On Mar 19 12:09 PM 8financial wrote:

> Everything works until it doesn't