A post by Ann Carrins and Ron Lieber on the New York Times “Bucks” blog references my recent article regarding the fallacy of Dave Ramsey’s assertion that anyone can earn 12% annually by putting all their funds in “good growth mutual funds.”
The Times phoned Ramsey for clarification as to why he maintains this position in light of facts that suggest “it just ain’t so.” According to the Times, “He did not make himself available to explain. “Dave is currently working on the completion of his new book and unfortunately is not able to add anything to his schedule, at this time,” a Lampo Group public relations assistant said in an e-mail. “He would like to apologize and thank you for requesting an interview.”
I sure hope he corrects his math in his new book. To read the whole article, click here.