This article says that buying stocks over a long time is a good idea because history shows it works. Sometimes there will be bad times when it seems like stocks are not doing well, but those times will pass and the economy will keep growing. People will always say scary things about what might happen in the future, but they have been wrong before and they might be wrong again. The article suggests that we should trust the progress of technology and human innovation instead of being afraid of what could go wrong. Read from source...
- The author uses a lot of anecdotal evidence and personal stories to support his claims, such as "I guarantee it" or "Thankfully, the markets are answering back". These are weak forms of argumentation that do not convince the reader with facts or logic.
- The author appeals to authority by citing previous examples of skeptics who were wrong, such as Businessweek's Death of Equities cover in 1979. However, this is a fallacy of false authority, because it does not prove that his current claims are true or valid. It only shows that some people have been wrong in the past, which may or may not be relevant to the present situation.
- The author uses emotional language and exaggeration to persuade the reader, such as "Maybe AI will take all of our jobs", "Maybe the U.S. will collapse under the weight of its financial obligations". These are hyperbolic scenarios that are unlikely to happen or have little evidence to support them. They also create a sense of fear and uncertainty in the reader, which can influence their decision making negatively.
- The author does not provide any concrete data or statistics to back up his claims, such as how much he has earned from investing over time, what his risk profile is, or how he diversifies his portfolio. He only mentions "backtests" and the Fed, which are vague and unspecific terms that do not explain his strategy or performance in detail.
- The author does not acknowledge any potential risks or drawbacks of his approach, such as market volatility, inflation, taxes, fees, opportunity cost, or behavioral biases. He only focuses on the positive outcomes and benefits of investing over time, which can give a false impression of security and ease to the reader.