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.
Monday’s blog entry reported on a response by 25-Year CPA Lyn Graham. Graham wrote: This sort of intimidation is not acceptable. The cigarette and pharmaceutical industries found research supporting their products by funding it. But this is big money supporting outcomes, not dissuading others.”
My response is set forth below:
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Lyn:
The Pink Unicorn says
Just think if Lyn had ALL the information, instead of just your silly little article. Let’s say, for example, she saw where Wade told you to stop talking about him and how you were causing him so much harm……hmmmmmmmm…….just think if she had ALL the information.
You do want ALL open and honest posting out there, right Rob?
Rob says
I absolutely want all the information out there, Pink.
That’s why I collected links to all of Wade’s post-threat comments into a single blog entry and then provided easy access to that blog entry in an article I posted to the “The Buy-and-Hold Crisis” section of the site. If Lyn and/or others are interested in going deeper than the story that the Teaser article tells, I have made it as easy as possible for them to do that. I encourage that. I want to see that sort of thing happening.
If Wade wants to write a blog entry for this site telling the story from his perspective, I warmly invite him to send me some words. That would make me very happy.
It’s the same with Jack Bogle.
It’s the same with Lindauer or Greaney or you.
People MUST hear both sides to be able to develop an informed take. I TRY to provide balance in all my articles. But there is no such thing as a perfectly non-biased human. So people MUST hear this story told from a variety of perspectives to be able to make full sense of it, in my assessment.
Rob
The Pink Unicorn says
You try to provide balance?????
Hahahahahahahahahahahahahaha
Rob says
Yes, I try to provide balance, Pink.
I believe that Valuation-Informed Indexing is the future. I believe that Buy-and-Hold is the past. I believe these things strongly.
It’s fair to say that I am opinionated. It’s fair to say that I play to win. It’s fair to say that I work hard to persuade people NOT to follow Buy-and-Hold strategies. All of that is on the right side of the line.
But you are wrong to say that I do not try hard to provide balance.
I provide balance by letting Goons like you post here. I provide balance by praising the Buy-and-Hold pioneers to the skies every chance I get. I provide balance by acknowledging my debt to the Buy-and-Hold pioneers, by acknowledging that there would be no Valuation-Informed Indexing today if it weren’t for the important, breakthrough work done by the Buy-and-Hold pioneers who came before me. I provide balance by saying that the Buy-and-Holders are suffering from cognitive dissonance and that, while they are engaged in a cover-up, they personally do not possess full knowledge of why Buy-and-Hold is so dangerous (only suspicions that there are major problems with it).
That’s balance, Pink.
You don’t like it that I say you are wrong. That’s the statement that hurts those holding the Buy-and-Hold perspective.
You know what? It is the Buy-and-Holders who are responsible for that. it is the Buy-and-Holders who first said that we should all root our investing strategies in the peer-reviewed academic research.
When you root your strategies in research, there are right and wrong answers that come up. Buy-and-Hold once APPEARED to be the way to go. But Shiller’s research showed that there was a huge flaw at the core of the model (the flaw is that Buy-and-Holders say that it is not necessary to exercise price discipline when setting your stock allocation and the 140 years of historical data available to us shows that the worst mistake than an investor can make is to fail to exercise price discipline).
I make a very serious effort to provide balance.
I do NOT agree with you re what works.
But I make a very serious effort to provide balance.
Rob
The Pink Unicorn says
Stop Rob. You are making me laugh too hard……..hahahahahahahahahahahaha………balance……..hahahahahahahahaha
Rob says
Yeah, yeah.
Rob
banned plop contributor says
“I provide balance by letting Goons like you post here.”
Liar.
You removed every one of my last ten legit posts, which is why I stopped even trying to contribute.
(Of course, you will delete this simple truth, and refutation as well.)
Rob says
I’m a liar.
That’s the problem here.
Good point, Banned.
Rob