“You Might Want to Consult Some of the Academic Research on Keynes’ Investment Strategies, Which Sound Similar to Value Indexing”

I’ve been sending e-mails to numerous people letting them know about my article reporting on The Silencing of Academic Researcher Wade Pfau by the Buy-and-Hold Mafia. Set forth below are reports on five of the responses.

1) Stephanie Kelton, Chair of the Department of Economics at the University of Economics in Kansas City, said: “Thanks, Rob. Nice piece. Nothing Surprises Me Anymore.” I wrote back: “Stephanie — Thanks much for your response. Your comment made me laugh, which is certainly better than the alternative. Please take good care.”

2) Sergio Schmukler, at the World Bank, wrote: “Thanks, Rob. Very interesting.” I wrote back: “Thanks for your kind and encouraging words.”

3) Jan Kregel, Senior Scholar at the Levy Economics Institute of Bard College, wrote: “Not clear to me that a fully invested recommendation is the same as a Buy-and-Hold recommendation unless your portfolio produces no income. You might want to consult some of the recent academic research on Keynes’ investment strategies, which sound similar to value indexing.” I wrote back: “I am looking forward to seeing those papers on the Keynes strategies. I would not be surprised if that tip ends up helping me come to a better understanding of things.”

4) V. Basil Hands, an Economics Professor at St. Aloysius College in India, wrote: “Highly informative and timely.”

5) Eugene Volokh, publisher of the The Volokh Conspiracy Blog, wrote: “Got it, thanks.”


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