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Greetings, Pmurdoch, and welcome. You asked:

I admire your courage in admitting defeat. But what ever happened to long term investing???

LOL. Who said I quit investing? All I'm doing is not reporting any longer on a real-money portfolio that uses the FF as its ONLY stock holding. As I said in the column, I will continue to use the FF personally as a value component in my total portfolio. But it will NOT be the ONLY stock component.

Unfortunately, I don't see no other mechanical investing strategy that I can justify as one with which I am comfortable as a model portfolio worthy of imitation by the public at large. Therefore, I'm not going to report any portfolio. That doesn't mean I'm not going to continue to invest, nor does it mean I have totally abandoned the FF.

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