Set forth below is the text of an e-mail that I sent to Mike Piper (author of the Oblivious Investor blog) on November 5, 2009, as a follow-up to the e-mail conversation that was described in earlier blog entries.
Mike:
Here is a link my blog entry for today:
http://arichlife.passionsaving.com/2009/11/05/buy-and-hold-is-dead-these-studies-prove-it/
It announces the posting of an article at my site that I view as being of considerable significance. The article provides links to and Juicy Excerpts from 20 studies showing that valuations affect long-term returns and that Passive Investing can therefore not work for the long-term investor.
Rob
Mike responded with the words set forth below.
Hi Rob.
Thanks for emailing me the link. I’ve got to say that I’m reluctant to link to that post. All the stuff going on in the comments is precisely what I want no part of. All the back and forth name calling (and worse) is something I don’t want to be connected with in any way.
That said, I wouldn’t have anything against mentioning the actual article itself (or the studies linked to). The “agree/disagree” roundup is planned for next week. I’ve been busy with behind-the-scenes work on the blog this week, so I ended up punting and going with my normal roundup style.
Thanks,
Mike
Evidence Based Investing says
I have read the Oblivious Investor blog for the dates following November 5, 2009 and I can’t seem to find a place where he linked to your articles.
Did I miss it, if so could you let the community know in which blog post Mike Piper linked to one of your blog posts.
Rob says
I don’t think you have missed anything, Evidence. I am not aware of Mike ever having provided a single link to this site.
Rob
JCL says
Rob
How many more of these back-and-forth emails with Mike do you have left in the hopper? Any chance you will be moving on to another topic soon?
JCL
Rob says
I don’t believe that there are a whole big bunch more with Mike, JCL. But I have a good amount of e-mail correspondence that I have had with bloggers other than Mike that is of a similar nature. I think it would be fair to say that that stuff relates to the same general topic — Why is it that there is a ban on honest posting on safe withdrawal rates and other important investment topics throughout the internet today?
Given the economic crisis, I think it would be fair to say that this is by far the most important investing, economic and political question before us today. I wish we would all put it behind us. I wish we could move on to all the wonderful, life-enriching stuff that awaits us on the other side of the Big Black Mountain. But I obviously don’t get to make the call as to when we all move on together. That’s obviously a community matter.
I believe that I put forward my first recommendation that we all move on sometime during the afternoon of May 13, 2002, and that you could confirm that by performing a quick review of the Post Archives. Yowsa, Yowsa!
Rob