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RiderOfGiraffes
Quoting from http://news.ycombinator.com/item?id=590750 where it was posted two days ago:

  > alanthonyc
  > Linkbait title, lots of empty facts, no meaningful
  > conclusions...skip this one.
See there for more. (although not much more)
maukdaddy
Agreed. One bad year and everyone is running around saying it's the end of 401k, end of personal investing, etc. Have people forgotten that the markets will not always increase? This is part of the natural investing cycle. In fact, the S&P 500 is already back to the levels it was in October and November of 2008. If you simply held your money through all of this you'd only be -38% and not the almost -50% of a few months ago.
kiba
Gold is not an investment vechicle. It is only good for as a hedge against inflation.
david927
Everything is an investment. People think that an investment is something you do to increase your assets, but it's also what you do to keep your assets. Cash is an investment. Gold is the ultimate cash (not in terms of liquidity, but in terms of consistent value). Place only in gold the money you want to keep.
anamax
> Everything is an investment.

Not at all. Buying some things is merely an expense, he says looking at a big screen TV.

Cash is an asset. A big screen TV may, or may not, be an asset.

patrickg-zill
Why do central banks hold so much of it, then?
lacker
Central banks are not investing, they are trying to control the supply of money.
knightrider
Slightly off-topic, but can "advice" be considered plural?
mhb
The verb "turn" isn't agreeing with advice; it is agreeing with the plural "decades". "Advice" is the object of the preposition "of advice". So you can shorten the sentence to "Decades turn out to be so much garbage".

Analogous: The pack of dogs chases a cat.