Here”s a link to the full Twitter conversation that I had on Wednesday with Evan at the My Journey to Millions blog:
http://twitter.theinfo.org/250602431191347200#id250604338748211200
Juicy Excerpt #1: Years later and I still don’t understand why you fight. Who cares?
Juicy Excerpt #2: I don’t have any clients. I am a journalist.
Juicy Excerpt #3: This will get to clients eventually. Many advisors have endorsed me. They need word to get out so clients will believe what they say.
Evidence Based Investing says
Have you completely run out of ideas Rob?
This whole conversation is available in your twitter feed on the right hand side of your blog.
Rob says
I wanted to highlight it, Evidence.
We have a social norm of permitting honest posting on all sorts of subjects. The one big exception is the 30 years of academic research showing that there is zero chance that a Buy-and-Hold strategy can ever work for a single long-term investor. My job is to figure out WHY we have decided as a society to make that an exception.
It’s hard to explore this because the taboo is so strong that few of those who fail to take action on the issue will speak up as to their reasons. Evan is doing that here. He is giving us feedback.
If we got feedback all the time from all sorts of people, the Twitter exchange wouldn’t matter. Given how rare it is for us to obtain feedback on this critical point, I think it is important to highlight what is said in those cases.
I wish you well in all your future endeavors, Evidence.
Rob
Trebor Martin says
Who are the “us” and “we” you refer to? And again with the “honest posting”? WP just posted a four part interview on why the 4% SWR rule is too simplistic for most people. There are regular discussions on retirement withdrawal strategies on bogleheads.org. There is no ban. Get over yourself!
Rob says
WP just posted a four part interview on why the 4% SWR rule is too simplistic for most people.
Wade at one point went a step farther than that. At one point, he wrote to the authors of the Trinity study asking that they correct the errors in their SWR study. That’s when the Lindauerheads and Greaney Goons threatened to send defamatory e-mails to his employer with the aim of getting him fired for having committed this terrible “crime.”
I don’t buy it, Trebor. I think that retirement studies that get the numbers wildly wrong should be corrected. Think how many lawsuits we could avoid if we had gotten these studies corrected before they caused millions of middle-class people to suffer failed retirements.
Are you able to imagine any possible downside?
Rob
Drip Guy says
“Wade at one point went a step farther than that. At one point, he wrote to the authors of the Trinity study asking that they correct the errors in their SWR study.”
You are a liar. If he ever did such a thing then there would be a record, and you could link to it. There is no such record, just as there is no record of death threats, job threats, or personal defaming — other than that provided by YOU towards others.
You can prove I’m wrong with links to PRIMARY source material (as a “reporter”, you do know what that means, right Rob?) if any existed.
They do not.
Rob says
That all makes a lot of sense, Drip Guy.
I wish you well in all your future endeavors.
Rob