Reading about it today it seems sort of sad. What's sad is that he spent his entire career on Wall Street and even after retiring and beginning to listen to non-Wall Street common sense, his understanding of safe investing for normal people still seems to be poorly developed.
As I read the article I thought to myself how the PP is really what he should have been writing about. Does this passage sound like an idea looking for a PP-like hook to hang itself on?
LINKThe book’s premise is that most people invest haphazardly in whatever hot stock or mutual fund they last heard about. As a result, most everyday investors take too many risks, make bets that are too big on stocks and funds they know little about, then buy and sell at the wrong time. The book offers a blueprint for how to do better, and worry less, by taking a simpler, more regimented approach.
I sometimes forget just how lost most investors are.