 No, my theory is not subject to the ups and downs, the paragonations of the stock, the unpredictable paragonations of the stock market. It's painful to do, but I think the idea of owning the stock market is the best approach to equity investing, and perhaps I didn't make that thoroughly clear there. I have never felt that equity should be the only portion of an investor's long-term program. I myself am about 50% stocks, 50% bonds, for example.