Originally Posted by
helmuth_hubener
I do realize now, though, that it was probably a pointless thread that didn't help anyone, as had been my intent. It was a mistake to use Peter Schiff as the example because, rather than being thought-provoking, as I thought it would be, by being so unexpected and shocking, it simply made the in-tribe loyalty response kick in. Hairs stood up, ires were raised, wagons were circled, and I was excommunicated from the team of Good Guys in the minds of many people here (e.g. dannno and Madison320).
I could have made the exact same point using a different investment character, like Cramer. Or, even better, Robert Reich or Paul Krugman! Paul Krugman was Wrong!, now there's a winning thread. Then tribe loyalty would have been working for me, not against me, and maybe a few people would have actually understood what I was saying and been exposed to a new and interesting way of looking at investing theory. Alas, it was not to be. I was too "clever" for my own good.
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