If you have been following what's going on in the financial blogosphere, I had the pleasure of rebutting every single point except one that was made in Investment Moats on the Dividend income approach. I strongly suggest that you go read that article if you wish to appreciate this post. You can follow this link. I left the final point for a full-blown blog article because it is a good point that simply cannot be refuted by a well-written Python program or a stream of data downloaded using APIs. Points like this are what make personal finance personal. Readers are free to see whether the point resonates with their personal experience. Logically, the ninth point of the original article does not really make a real point. When an investor dies, the beneficiaries of his will get control of their assets and will deploy their assets in any way that they please because it is now their money...