I have been sending e-mails to various people to let them know of my article on the silencing of Academic Researcher Wade Pfau. Set forth below are descriptions of some of the responses I have received.
1) William Cohan said: “Thank you, Rob. Will take a look.”
2) Rich Toscano at Pacific Capital Associates in San Diego, said: “Haha… that’s a funny coincidence… real estate is just a side interest for me; my “day job” is investing and I am also a big fan of Shiller’s CAPE. (The coincidence is that there’s not very many of us!) I’ve written articles on it somewhat regularly; here is the last (admittedly out of date) one: http://pcasd.com/us_stocks_overpriced_once_again . I think it’s time for another! In fact I was planning on writing an article soon to address some of the critcisms of the CAPE (it’s nice that enough people are finally paying attention to it that it is getting critics). Some criticisms are good but predictably most come from stock touts simply misunderstanding it. Anyway, it is GREAT to see a finance journalist who understands that valuations matter! It seems that efficent market zealotry is rampant in the journalism community (even after everything that happened last decade). So you are doing a great service. I just love your valuation-based return calculator. I’ll look forward to checking out your site and blog in more detail.”
3) Edwin Hamilton said: “This is compelling but so far I have only been able to ‘talk to myself.’ Serial herd behavior by the American people — need to expose this deception!”
I traded a number of e-mails with Edwin re my efforts to get the word out. At one point, he suggested checking into whether Lindsey Lohan would be willing to co-blog on the issue. I wrote back: “I tried hooking up with Lindsey. It turns out that she’s a confirmed Buy-and-Holder. Go figure!”
4) David Clay Johnson, an investigative journalist, said: “Thanks. I will take a look at this after I finish my next book.”