GBC Member Corresponds with Author of February Book. . . Declared "Not a Kook"

While I don't feel it is conclusive evidence, Paul seems to think this email exchange with an author of a book we read clears him of being labeled a 'kook'. Judge for yourself:

-----Original Message-----
From: Gary Weiss [mailto:garyweiss.email@gmail.com]
Sent: Thu 7/17/2008 2:40 PM
To: Daly, Paul
Subject: Re: So what is an individual investor to do?

Oh, my pleasure. I mostly hear from kooks, so it is nice to hear from
someone such as yourself.

On Thu, Jul 17, 2008 at 2:40 PM, Daly, Paul wrote:
> No, thank you. Appreciate the insights.
>
> -----Original Message-----
> From: Gary Weiss [mailto:garyweiss.email@gmail.com]
> Sent: Thursday, July 17, 2008 2:37 PM
> To: Daly, Paul
> Subject: Re: So what is an individual investor to do?
>
> Hi Paul,
>
> Glad you liked the book. Well, you know I do tend to favor index funds
> and index products such as ETFs. I think costs are the main systemic
> issue that you would have to deal with in those products.
>
> So you want products with low costs, such as the Vanguard funds for
> instance, as some index products have surprisingly high fees. ETFs
> (such as Spiders and Diamonds) tend to have low costs as well.
>
> Personally I think the best thing to do is to put new money in index
> products. I'm certainly not suggesting that people dump their existing
> stocks, particularly in this awful market! Besides, it is almost
> impossible to resist the allure of buying individual stocks. I own a
> few myself.
>
> Thanks for writing,
> Gary
>
> On Thu, Jul 17, 2008 at 2:26 PM, Daly, Paul <xxxxx> wrote:
>> Gary, I'm most of the way through W.S. v. America. As an
>> attorney who practices in Mercer County, I got my money's worth just reading
>> about the Judges in the intro and the epilogue. Something to chat about and
>> schmooze about.
>>
>> But I flipped to through the remaining few chapters last night
>> and don't see that you really answer the question above.
>>
>> Are index funds the only place for an individual investor?
>> Aren't they subject to many of the same systemic problems you outline
>> in the book?
>>
>> I've been happy with my buy-and-hold, value based, broad
>> portfolio for the past 10 years, but honestly, you've made me question that.
>> (Of course, it is easy to question your strategy in a bear market, I suppose.)
>>
>> Appreciate any reply you care to give.
>>
>> Paul Daly
>