Set forth below is the text of a comment that I put to the blog in response to a comment by one of the Greaney Goons that “there is no ‘we,” just ‘you.'”
Everyone in this field faces an important question today, Trebor.
We are the first generation of investors who had available to them the research needed to turn stock investing into a high-return, virtually risk-free endeavor. No group of investors who came before us was so blessed. We can all live far richer lives than we ever dreamed possible if we elect to acknowledge mistakes we made in the past and move forward into an exciting future for all of us and all our friends, neighbors and co-workers.
The alternative available to us is that we can continue the Campaign of Terror, thereby bring on the Second Great Depression, and spend the remainder of our days regretting our foolish and powerfully sad choice.
Wade can contact me if he elects to take the better path. Bogle can do the same. Bernstein can do the same. Swedroe can do the same. The hand of kindness remains extended.
There will be no dishonest posts about safe withdrawal rates going up with my name on them. The odds of that one coming through were precisely zero on the morning of May 13, 2002, and remain precisely zero today.
I of course wish you well in all your future endeavors, my long-time abusive posting friend.