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A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

  • "Valuation-Informed Indexing Is the Same Song We Sing. Glad You Belong to the Same Choir We Do."





    Carolyn McClanahan, Director of Financial Planning
    for Life Planning Partners, Inc.

  • "Retirees Now Frequently Base Their Retirement Decisions on the Portfolio Success Rates Found in Research Such as the Trinity Study.... This Is Not the Information They Need for Making Their Withdrawal Rate Decisions."




    Wade Pfau, Academic Researcher

  • "The P/E10 Tool Could Drastically Change
    How the Entire Investment Industry
    Operates and Measures Risk."





    Larry, A PassionSaving.com Site Visitor

  • "The Your Money or Your Life Book
    for a New Generation."





    Beatrix Fernandex, Book Reviewer
    for Dollar Stretcher Site

  • "A Newer School of Thought Believes That the Safe Withdrawal Rate Depends on How Stocks Are Priced at the Time You Begin Making Withdrawals."





    Scott Burns, Dallas Morning News Finance Columnist

  • "A Fascinating Retirement Calculator."







    Michael Kitces, Maryland Financial Planner

  • "The Evidence is Pretty Incontrovertible. Valuation-Informed Indexing...Is Everywhere Superior to Buy-and-Hold Over Ten-Year Periods."




    Norbert Schenkler,
    Co-Owner of Financial WebRing Forum

  • "Every Detail Shows Rob's Respect
    for His Information and His Reader."






    Audrey Owen, Owner of Writer's Helper Site

  • "You’ve Accomplished Something Radical
    With Your Idea of Passion Saving."





    Mark Michael Lewis,
    Money, Mission & Meaning Talk Show Host

  • "Big Moves Out of Stocks Should Not Be Done at All. But Strategic Asset Allocation Can Be Done At Very Rare Times, Maybe Six Times in an Investor’s Lifetime, Three Times When the Market Is Stupidly High and Three Times When Stupidly Low."



    John Bogle, Founder of Vanguard Funds

  • "Valuation-Informed Investing and Passive Investing
    Share More of a Common Ancestry
    Than It Might Appear at First."





    Jacob Irwin, Owner of Passive Investing Blog Carnival

  • "It Is Great to See a Finance Journalist Who Understands That Valuations Matter. Efficient Market Zealotry Is Rampant in the Journalism Community. I Just Love Your Valuation-Based Return Calculator."




    Rich Toscano, Pacific Capital Associates

  • "There Is Always An Unlimited Supply of Complainers Against Any Good Idea."






    Mr. Money Mustache Blogger

  • "Rob: This Has Been One of the Most Insightful and Helpful Comments I Think Anyone Has Ever Posted. Thank You for This Lesson and for Sharing Your Knowledge on This Subject!"




    My Money Design Blogger

  • "There Is An Extensive Literature About the Predictability of Long-Term Stock Returns. There Is an Extensive Literature About Short-Term Market Timing. My Question Is About Long-Term Market Timing. The Literature Seems Slim."



    Wade Pfau, Retirement Income Professor
    at The American College

  • "Your Ideas Are Sound."







    Rob Arnott, Financial Analysts Journal Editor

  • "For Years, the Investment Industry Has
    Tried to Scare Clients Into Staying Fully Invested
    in the Stock Market at All Times, No Matter
    How High Stocks Go. It's Hooey.
    They're Leaving Out More Than Half the Story."



    Brett Arends, The Wall Street Journal

  • "There Are Time-Periods Where Stocks Are a Terrible Addition to That Portfolio. Yet Inexplicably, We As Planners STILL tend to Suggest That It Is 'Risky' to Not Own Stocks When in Reality the Only Risk Is to Our Business."




    Michael Kitces, Maryland Financial Planner

  • "Valuation-Informed Indexing Provides More Wealth for 102 of 110 of the Rolling 30-Year Time-Periods While Buy-and-Hold Did Better in Eight of the Periods."






    Wade Pfau, Academic Researcher

  • "There Is a Growing Behavioral Economics Movement, But It So Far Has Had Limited Impact. Economists Are Not Fond of the Softness and Imprecision of Psychology. These Notions Are Considered Vaguely Unprofessional and Flaky."



    Robert Shiller, Yale University Economic Professor

  • "I Would Occasionally Get a Response Post
    Saying I Was 'the Best Since Rob Bennett
    Challenged Us to Think.'"




    A Popular Bogleheads Forum Poster Named "Retired at 48" Who Was Banned for Challenging Buy-and-Hold

  • "New Research by Rob Bennett Shows That
    Even a 4% Withdrawal Rate Could Cause Failure
    If You Start Retirement When
    Stock Market Valuations Are High.”




    Bernard Kelly, Consultant

  • "FuhGedDaBouDit!"




    William Bernstein, Author of
    The Four Pillars of Investing
    (When Asked Whether We Can Use the Old School Safe Withdrawal Rate Studies to Plan Our Retirements)

  • "This [The Stock-Return Predictor]
    Is a Very Handy Little Tool."






    Felix Salmon, Market Movers Blog

  • "A Much Simpler Way to Bring
    the Valuation Issue to Focus."
    (Referring to The Stock-Return Predictor)





    Karteek Narayanaswarmy, Blogger

  • "It's Informative, It's Based on Solid Data and It Provides Useful Results." (Referring to The Stock-Return Predictor)






    Political Calculations Blog

  • "Meet Three Couples Who Left the Corporate World to Do the Kinds of Work That Satisfied Them."






    Liz Pulliam Weston, MSN Money Columnist

  • "I Like Rob's Fresh Views and Tips
    on the Subject of Saving Money."






    The Digerati Life Blog

  • "A Very Solid Approach to Investing."







    Michael Harr, Founder of Walden Advisors

  • "Rob Bennett Has Been on a Tear With One Outstanding RobCast After Another."





    John Walter Russell, Owner of
    Early-Retirement-Planning-Insights.com Site

  • "It’s Time for a Different Way to Look at Investing, and Rob Is Onto Something Here."






    Kevin Mercadante, Owner of Out of Your Rut Blog

  • "My Afternoon Train Reading."
    (Referring to Rob's Article titled
    Why Buy-and-Hold Investing Can Never Work)





    Barry Ritholtz, Owner of The Big Picture Blog

  • "What Is It With Guys Named Rob?
    Longtime Index Agitator Rob Arnott Has Now
    Been Joined on These Pages by a
    Vanguard Diehard Agitator Named Rob Bennett."




    Jim Wiandt, IndexUniverse.com Publisher

  • "He Offers a Fresh New Perspective
    that Will Motivate You to Get on Track
    With a Solid Savings Plan."





    Lynn Terry, Click Newz Blog

  • "While Browsing at www.PassionSaving.com the Other Day, I Discovered an Article Featuring Ten Unconventional Money-Saving Tips. Each of These Offers a New Way to See Money."




    J.D. Roth, Owner of Get Rich Slowly Site

  • "Rob Has Ideas About Investing That Many Bloggers Find 'Interesting.' His Posts Are Often Controversial and Always Thought Provoking."





    Miranda Marquit, Planting Money Seeds Blog

  • "Is There a Way to Turn Saving Into Something Fun? If There Was, I Bet a Lot More of Us Would Do a Lot More Saving. I Found a Website Where This Basic Premise Is Explored in Great Depth."




    The Great WeiszGuy Blog

  • "I Have Much More Confidence in My Ability to Understand What Is Happening....I Thank You for Your Public Service, and, In Another Dimension, for the Personal Courage It Took to Make It Happen."




    Elizabeth, A PassionSaving.com Site Visitor

  • "I Was Hooked on the Idea of [Passive] Index Indexing, But Something Inside Made Me Wonder "Too Good to Be True?" and "What's the Downside?" I Happened on to Your Site and Valuation-Informed Indexing Seems to Make Sense."



    Coleen, PassionSaving.com Site Visitor

  • "Reads Like a Casual Conversation
    with a Likable Guy Who Wants Nothing More
    Than to Help Others Experience the Same Joy
    and Happiness He Has Found."




    Kara, Reader of Rob's Book

  • "Your 'Secrets' Are Exactly Like Magic Tricks: Once Revealed, They Look So Simple, Yet You Need Somebody to Show You How It Works."





    Kramerizio, Secrets of Retiring Early Reader

  • "Rob's Da Man! Never in the History of the Diehards Forum Has One Poster, Always Making Civil and Well Thought-Out Posts, Managed to Irritate So Many Without Anyone Being Able to Articulate a Good Reason As to Why."




    Mephistopheles, Bogleheads Forum Poster

  • "I’ve Been Surprised at How Controversial This Idea Is, but If Most People Are Buying and Holding, They Are Emotionally Invested in This Strategy."





    Jennifer Barry, Live Richly Blogger

  • "The Findings for [Long-Term] Market Timing Are So Robust That It Hardly Matters How We Do It."






    Wade Pfau, Asociate Professor of Economics

  • "The Elegant Simplicity of His Ideas Throughout Warms the Heart and Startles the Brain."






    Tom Gardner, Co-Founder of the Motley Fool Site

  • "Mr. Bennett Evidences an Unusual Skill....
    You'll Have to Buy a Copy....Extraordinary....
    A Massive Heap of Crap."




    John Greaney,
    Owner of the Retire Early Home Page Site

  • "By Reading All the Information on Your Website I Was Able to Develop a Part of Me I Didn't Know I Would Be Able to Become."





    Javier, PassionSaving.com Site Visitor

  • "Innovative Financial Thinking."







    No Limits, Ladies Blog

  • "Knowledgeable."







    Hope to Prosper Blog

  • "Holy Toledo! This Is Great Stuff!"






    Bill Schultheis, Author of
    The New Coffeehouse Portfolio

  • ""He Offers Down-to-Earth But
    Nevertheless Eye-Opening Insights About
    the Why and the How of Early Retirement."





    Secrets of Retiring Early Reader

  • "Challenges Unfounded Assumptions."







    Bill Sholar, Founder of the Early Retirement Forum

  • "Seminal."






    John Greaney, Owner of Retire Early Home Page Site
    (Pre-May 13, 2002 Version)

  • "It’s Always Good to Read Something New That Challenges Your Way of Thinking."






    Invest It Wisely Blog

  • "Rob, Thanks for All of Your Articulate, Well-Written and Well-Reasoned Commentary."






    Elle, a Poster at the Joe Taxpayer Blog

  • "Although Rob and I Don’t See Eye to Eye
    on Every Detail, His Site Is a
    Valuable Resource for Research."





    Ken Faulkenberry, Portfolio Manager

  • "Thanks, Rob. I Love Seeing So Many
    Personal Finance Bloggers Who Offer Such
    High Quality Content on Their Own Sites Come Here
    to Weigh In [on Your Ideas]."




    Married With Debt Blogger

  • "A Ton of Tremendously Useful Content."







    Network Abundance Radio

  • "Your Enthusiasm Is Infectious."







    Ruth, a PassionSaving.com Site Visitor

  • "I Woke Up at 4:00 am and Stared at the Wall for 20 Minutes....Thank You for Doing What You Do."






    Tasha, A PassionSaving.com Site Visitor

  • "It Might Just Give You
    a New Way of Looking at Saving."






    Kevin Surbaugh, Owner of Debt Free 4Ever Blog

  • "'Staying Too Long in a Job Where You Don’t Feel Relevant Takes a Toll,' Said Rob Bennett, Who Worked for Years in a Well-Paying Corporate Communications Job Where He Didn’t Have Enough to Do."




    The New York Times

  • "You Have Started One of the Most Interesting
    and Stimulating Discussions This Board has Seen
    in a Long Time."





    Poster at Motley Fool Site

  • "A Respected Author and Commentator, Mr. Bennett has Dedicated Himself to Educating Average Investors to Avoid the Most Common Errors."





    Liberty Watch Site

  • "I've Gone from Shattered Dreams of Early Retirement to Glimpses of Hope to Reassurance from Quantitative Research."





    Patricia, A PassionSaving.com Site Visitor

  • "Some of the Most Helpful and Insightful Market Discussions on the Web Take Place on These Pages."





    A Poster at the Safe WithDrawal Rate Research Group
    (Founded by Rob)

  • "Rob is the Only Person I Know (If Only via Message Board) Who has Completely Opted Out of Participation in the Stock Bubble. And You Know What? He Has Benefited Immensely from Doing So."




    Poster at Motley Fool

  • "Makes the Subject of Saving Edgy and Fresh."







    Maxine, A Reader of Rob's Book

  • "Rob Bennett, the Author of a Book Called Passion Saving, Thinks the Saving Problem Is Partly One of Packaging. So He Prefers to Couch it in the Language of Freedom."





    The Wall Street Journal

  • "This Tip Comes from Rob Bennett
    of the Finance Site PassionSaving.com."






    Lifehacker.com

  • "I LOVE This Article and
    Am Proud to be Publishing It!"




    Chuck Yanikoski, Executive Director of
    The Association of Integrative Financial
    and Life Planning

  • "Rob Bennett: Some People Disagree With Him, and He Rubs a Lot of People the Wrong Way. But He Has Interesting Ideas About Valuation-Informed Indexing, and He Delves Into a Lot of What Makes a Successful Investing Strategy."



    Miranda Marquit, Planting Money Seeds Blog

  • "Rob….Wow…..Your Response Sent Shivers
    Up the Ol’ Pilgrim Spine."






    Neal Frankie, Owner of the Wealth Pilgrim Blog

  • "I Have Counseled My Clients to Allocate a Percentage to Equities Based Upon Market Valuations....I Feel Like I've Found a Kindred Spirit. Fascinating Web Site."





    Tom Behlmer, Financial Planner

  • “A Simple Age-Based Asset Allocation Formula Is Not Appropriate, and Any Sensible Asset-Allocation Formula Should Combine Both Age/Investment Horizon and Market Valuation Levels.”




    RationalInvestor.biz

  • "Had a Guest Post This Week from Rob Bennett, Where He Discusses the Benefits of Value-Informed Indexing, Which I Find Very Intriguing."





    Sustainable Personal Finance Blog

  • "I Can Appreciate Rob's Comments.... Buy-and-Hold?
    For the Most Part, a Long Obsolete Theory."






    Neal Deutsch, Certified Financial Planner

  • "Utterly Brilliant!"







    Secrets of Retiring Early Reader

  • "Your Website Is So Enjoyable That It Is Keeping Me From My Research As I Am So Excited That I Have Found Such a Valuable Resource."





    Stuart, a PassionSaving.com Site Visitor

  • "What We're Talking About Here Really
    ...Is Empowerment."






    Motley Fool Poster

  • "The Return Predictor Is Based upon the Principle that Over the Long Term, Stock Market Prices Will Reflect the Ten-Years Earnings Growth of the Underlying Companies. Prices Return to a Common Growth Pattern."




    Links.com Review of The Stock-Return Predictor

  • "Rob’s Arguments in Favor of Value Investing Actually Make a Lot of Sense In a Way That Should Make Any Rational Buy-and-Holder Uncomfortable."





    Pop Economics Blog

  • "What I Don't Understand Is How Rob Can Correspond in Such a Sweet and Polite Way
    -- Yet He Irritates Me to No End!"





    Financial WebRing Forum Poster

  • "You Go About It in a Manner that is Catastrophically Unproductive by Adding Missionary Zeal that Inflates Your Importance and Demeans Others. The Whole Idea That There is a New School of Safe Withdrawal Rates Reeks of Personal Aggrandizement."



    Scott Burns, Dallas Morning News

  • "Inflammatory."







    Morningstar.com Site Administrator

  • “What Warren Buffett Did Was Essentially Quite Close to What Rob Bennett Has Written. Buffett Has in Fact Been Cleverly Incorporating Long-Term Market Timing Based on Valuation of the Market in His Allocation of Money to Stocks.”



    Investor Notes Blog

  • "This Report Offers A Fresh Perspective That Is Rarely Found In Other Financial Literature."






    Secrets of Retiring Early Reader

  • "Rob Bennett Says That Market Timing Based on Aggregate P/E Ratios Can Be a Far More Effective Strategy. This Claim Is Consistent With Shiller's Analysis and I Can See How It Might Be So."




    Rajiv Sethi, Economics Professor at Columbia Univeristy

  • "Retiring Early Was A Concept I Did Not Entertain. I Was Going to Retire at 65 After Putting in 40 Years. Now I Am Glad To Say That All That Has Changed."





    Secrets of Retiring Early Reader

  • "In a Couple of Days, I Had
    Devoured the Entire Book."






    Reader of Rob's Book

  • "FIRECalc May Not Be the Last Word
    on Safe Withdrawal Rates."






    Jonathan Clements, Wall Street Journal

  • "It Seems to Me That Some on This Board Feel Threatened by the Arrival of Rob and His Ideas. They Feel a Threat to Their Perceived Elite Status."





    Motley Fool Poster

  • "You've Got to Say One Thing for Rob. He Has NEVER Lowered Himself to Ad Hominen Attacks -- Subliminal or Otherwise -- on Any Other Person on This Board. Not Once. Ever. At Least Give Him Credit for That."




    Motley Fool Poster

  • "I Have Never Seen Rob Show Incivility. No Matter What. Truly Amazing. Either He Is Really the Output of an Artificial Intelligence Program, or the Man's on the Way to Becoming a Saint!"




    Early Retirement Forum Poster

  • "You're the Politest Guy on the Internet.
    Such a Soft Touch!"






    Jonathan Lewis

  • "Props for Keeping Your Cool in the Married with Debt Article. Best of Luck Combating Buy-and-Hold."






    Money Mamba Blogger

  • "I Caught Up [at the Financial Bloggers Conference] With a Fairly Controversial Financial Blogger
    Named Rob Bennett, Who Struck Me As the
    Nicest Guy Around. There -- I Said It!"




    Digerati Life Blogger

  • "In Rob Bennett's Case, He Was Banned for No Known Listed Forum Policy. Except His Viewpoint Was Different From Other Bogleheads and [He Was Perceived As] a Threat."




    Investor Junkie Blog

  • "Mr. Bennett, You Are Spot on About Integrating Some Type of Valuation Filter to One's Stock Allocation. Astute Investors Have Incorporated Some Type of 'Valuation Timing' Into Their Investment Decisions Since the Beginning of Time."



    Poster at the Psy Fi Blog

  • "His Insights Into What Is Really Going On In The Stock Market Are Quite Compelling."






    Future Storm Blog

  • "It Was an Epiphany...Valuation-Informed Indexing Beats Buy-and-Hold Over Most Long-Term Holding Periods at Much Lower Volatility."





    Sam, a PassionSaving.com Site Visitor

  • "I Am Intrigued By Your Ideas."







    Adam Butler, Portfolio Manager

  • "I Read the Book and I Loved It.
    The Philosophy Resonated with Me.
    I Am a Believer in Your Concept."





    Dr. Peter Weiss, Author of More Health, Less Care

  • "If Your Investment Ideas Can Do for Investing
    What Weston Price’s Ideas Did for Food,
    You’ve Got Our Attention."





    End Times Hoax Blog

  • "I Have Looked at His Website and Reviewed His Research and Find It Both Compelling and Completely Logical and Common-Sense-Based."





    Poster at Free Money Finance Blog

  • "If Investors Paid More Attention to Valuations, We Would Have Fewer Boom-and-Bust Cycles. The Investing Institutions Are Definitely Going to Avoid It Because It Affects Their Income."




    Hope to Prosper Blog

  • "The Calculators on Your Site Are Great Resources. It Amazes Me How So Many People Can Say 'Valuations Matter' Yet, in the Next Breath, They'll Say That We Should Ignore Valuations."




    John Marlowe, Logistics Analyst at Hess Corporation

  • "Must Read As Per My Viewpoint
    For All Value Seekers."






    Ajit Vakil, Value Investing Congress

  • "His Approach Is Both Mathematically Rigorous
    and Easy to Understand."






    Online Investing AI Blog

  • "There Is Nothing More Doubtful of Success Than a New System. The Initiator Has the Enmity of All Who Profit By Preservation of the Old Institution and Merely Lukewarm Defenders in Those Who Gain By the New One."




    Machiavelli

  • "Difficult Subjects Can Be Explained to the Most Slow-Witted Man If He Has Not Formed Any Idea of Them. But the Simplest Thing Cannot Be Made Clear to the Most Intelligent Man If He Believes He Knows Already What Is Laid Before Him."



    Tolstoy

  • "I Am Not Afraid. I Was Born to Do This."







    Joan of Arc

  • "I Certainly Have Seen the Academic Profession Squelching Unfashionable ideas and Have Often Been on the Wrong Side of It. Kuhn Shows How Most Pathbreaking Scientific Ideas Are Rejected at First, Usually for Decades.”




    Carol Osler, Brandeis International Business School

  • "First They Ignore You, Then They Ridicule You, Then They Fight You, Then You Win."






    Ghandi

  • "We Cannot Assume the Existence of Predictability Just Because There Are No Studies That Fully Reject It."






    Valeriy Zakamulin, Economics Professor

  • "I Am Also Extremely Grateful to Rob Bennett for Motivating This Topic and Contributing His Experience and Encouragement."





    Wade Pfau, Academic Researcher

  • "Rob Bennett Was an Early Pioneer in 3rd Generation Modeling by Advocating (Through Various Online Forums) that Withdrawal Rates Must Be Adjusted for Market Valuations Consistent with Research by Campbell and Shiller."



    Todd Tresidder, Financial Mentor Blog

  • "I Am Fascinated by the Growing Body of Research that Revolves Around the P/E10 Ratio by Robert Shiller, Doug Short, Wade Pfau, Michael Kitces, John Hussman, Crestmont Research, Jim Otar, Mike Philbrick, Adam Butler & Rob Bennett."



    Kay Conheady in Advisor Perspectives

  • "Rob Is an Enigma in the Personal Finance World. He Has Interesting Theories on Investing Based on Market Valuations. But He Weaves a Tale Which Makes the Stories of Alexander Litvinenko & Gareth Williams Seem Tame by Comparison."



    Don't Quit Your Day Job Blog

  • "In Recent Years, the 4 Percent Rule
    Has Been Thrown Into Doubt."






    The Wall Street Journal

  • "A Safe Withdrawal Rate Is Very Dependent
    on the Valuation of the Stockmarket
    at the Retirement Date."





    Economist Magazine

  • "I Have Read Everything I Can About Valuation-Informed Indexing. Buy-and-Hold Is Extremely Problematic. I Respect the Passion, Hard Work and Research That You Have Put Into This Very Important Issue. Your Work Has Huge Value."



    Carl Richards, Owner of Clearwater Asset Management

  • "The World of Personal Finance Blogging Needs More Rob Bennetts. He’s Passionate. He’s Intelligent. He’s Writing Things That Go Against the Grain."





    Financial Uproar Blog

  • "Beyond Awesome."







    Larry, a PassionSaving.com Site Visitor

  • "The Wealth Management Industry Seems Intent on Containing This Discussion for Fear Clients Might Discover that the Emperor Has No Clothes."





    Adam Butler, Portfolio Manager

  • "Recommended Reading."







    Jesse's Cafe Americain Blog

  • “All Who Are Still Holding Equities at Present Levels Because Their Financial Adviser Insists that Timing Market Cycles Is Impossible to Do -- Read This!"





    Juggling Dynamite Blog

  • "The Fact that Aggressive and Short-Term Market Timing Was Unproductive Did Not Mean That There Were Never Times When It Would Be Wealth-Maximizing to Get Out of the Market."



    Scott Burris,Director of the Center for
    Health Law, Policy and Practice

  • "The Amount of Return You Can Expect From a Diversified Equity Portfolio Is Inversely Correlated to the Market Valuation at the Start of the Holding Period. It Is One of the Most Robust Statistical Relationships in Modern Finance."




    Todd Tresidder, Financial Mentor Blog

  • "Why Would Your Job Be Jeopardized
    By Such a Sensible Claim?"





    Marcelle Chauvet, Econmics Professor
    at University of California

  • "Received Worrisome E-Mail from Rob Bennett. Warns of Risk with Buy-and-Hold Investing
    -- I Have No Clue."





    Vivek Wadhaw, Business Week Columnist

  • "As Attorney, Tax Expert and Financial Writer Rob Bennett Told Us, the Problem Is That, By the Time Shiller Published His Research, Many Big Names Had Already Endorsed Buy-and-Hold."




    ZeroHedge.com

  • "This Seems to Me to Be a Fundamental Challenge to Some of the Most Basic Tenets of the Boglehead Paradigm."






    Bogleheads Forum Poster

  • "You Want to be Very, Very Wary of Anything Connected with Rob Bennett, the Most Infamous Troll in the History of Investing Forums on the Internet."





    Alex Fract, Owner of Bogleheads Forum

  • “I’ve Had My Fill of Those Long-Winded Posts that Include Distortions, Unsubstantiated Claims, Misquotes and Comments Taken Out of Context.”




    Mel Lindauer, Co-Author of
    The Bogleheads Guide to Investing

  • "Haven't You Noticed Yet That NO ONE Discusses Your Ideas, NO ONE Mentions Your Name, NO ONE Goes To Your Web Site."





    One of the Greaney Goons

  • "I've Had Similar Experiences. I Know of Two Young Professors Who Wanted to Do Research on Fundamental Index and Reported to Me That Their Colleagues Advised Them That This Line of Research Could Derail Their Career Prospects."



    Rob Arnott, Financial Analysts Journal Editor

  • "As with Drug Studies Funded by Drug Companies, It Would Be Churlish to Suppose that the Chicago School of Business Was in the Bag. But It Would Also Be Idealistic to Assume That There Was No Funding Bias at All."




    Bogleheads Poster

  • "This Sort of Intimidation Is Not Acceptable. The Cigarette and Pharmaceutical Industries Found Research Supporting Their Products By Funding It. But That Was Big Money Supporting Outcomes, Not Dissuading Others."




    Lyn Graham, 25-Year CPA

  • "Financial Economists Gave Little Warning to the Public About the Fragility of Their Models. There Is No Ethical Code for Professional Economic Scientists. There Should Be One."



    Paper Titled The Financial Crisis and
    the Systemic Failure of Academic Economics

  • "The Situation [Referring to the Intimidation Tactics Used to Silence Academic Researcher Wade Pfau's Reporting of the Dangers of Buy-and-Hold Investing Strategies] Seems Well Below Any Professional and Academic Acceptable Standards."



    Albert Sanchez Graells, Law Lecturer

  • Many Academics Can Become Quite Strident When Their Views Are Challenged. Academia Is Often Subject to Self-Serving Bias That Obliterates Ethical Bounds."





    Ted Sichelman, Law Professor

  • "I Don't Like Too Much the Conspiracy Idea. I Am Not Pressured By Anyone in My Research."






    Roberto Reno, Economics Professor

  • "This Is What Investing Should Be -- Calculated, Deliberate, Confident, Informed and Simple."






    Aaron Friday, Owner of Aaron's Blob Blog

  • "It Is Obvious that Rob, in Attempting to Identify New Safe Withdrawal Rate Strategies...Is Goring Your Ox. If Rob Improves on [the] Safe Withdrawal Rate Methodology, the Implication Is Clear: You Are All, Metaphorically, Out of Business."



    Bogleheads Poster

  • "I Applaud His Effort to Inject Another Piece of Objectivity Into a Very Complex, Highly Subjective Topic -- Making Money in the Market."





    Bogleheads Poster

  • "Naturally, I Am Finding That Valuation-Informed Indexing Can Allow You to Reach a Wealth Target With a Lower Saving Rate and to Use a Higher Withdrawal Rate in Retirement Than You Could With a Fixed Allocation."



    Wade Pfau, Professor of Retirement Income
    at The American College

  • "A Careful Examination of Past Returns Can Establish Some Probabilities About the Prospective Parameters of Return, Offering Intelligent Investors a Basis for Rational Expectations About Future Returns."




    Jack Bogle, Founder of Vanguard Funds

  • "The Ability to Estimate the Long-Term Future Returns of the Major Asset Classes Is Perhaps the Most Important Investment Skill That An Indivisual Can Possess."




    William Bernstein, Author of The Four Pillars of Investing

  • "The Stock Market Resembles Roulette. In Both Cases, the Accuracy of Sensible Forecasts Rises Over Time."






    Andrew Smithers, Co-Author of Valuing Wall Street

  • "Returns Are for the Most Part a Matter of Simple Arithmetic...Much of Our Industry Seems Fearful of Basic Arithmetic of This Sort."





    Rob Arnott, Financial Analysts Journal Editor

  • "How Can It Be That One-Year Returns Are So Apparantly Random and Yet Ten-Year Returns Are Mostly Forecastable? In Looking at One-Year Returns, One Sees a Lot of Noise. But Over Longer Time Intervals the Noise Effectively Averages Out and Is Less Important."




    Yale Economics Professor Robert Shiller

  • "The Notion That Rich Valuations Will Not Be Followed By Sub-Par Long-Term Returns Is a Speculative Idea That Runs Counter to All Historical Evidence. It Is an Iron Law of Finance That Valuations Drive Long-Term Returns."




    John Hussman

  • "It's January and the Temperature Is Below Freezing. If You Asked Me Whether It Will be Warmer or Cooler Next Tuesday, I Would Be Unable to Say. However, If You Asked Me What Temperature to Expect on April 9, I Could Predict "Warmer Than Today" and Almost Surely Be Right."



    Michael Alexanfer, Author of Stock Cycles

  • "If the Response Is "Who Knew?", It Won't Be Much Comfort for Retirees in the Employment Line at Wal-Mart. This is Especially True Since a Rational Understanding of History and the Drivers of Longer-Term Stock Returns Can Help Retirees To Avoid That Surprise."




    Ed Easterling, Author of Unexpected Returns

  • "New of the Demise of the Random Walk Has Only Very Slowly Spread, In Part Because Its Overthrow Came as a Shock. If the Random Walk Hypothesis Were Correct, the Most Likely Return Would Be the Historic Average Return. The Evidence, However, Is Strongly Against This."



    Andrew Smithers, Co-Author of Valuing Wall Street

  • "I Don't Think We Can Debate the Merits of This Type of Forecasting [Referring to the Numbers Generated by The Stock-Return Predictor] Unless We Believe 'This Time It's Different.'"



    Poster at Bogleheads Forum
    (Before the Ban on Honest Posting Was Adopted There)

  • "I've Seen Absolutely Nothing From You That I Can Use in a Tangible Fashion to Formulate an Investment Plan. Your Ideas Are So Mushy That It's a Complete Waste of Time to Even Consider Them."




    Bogleheads Forum Poster

  • "Do You Really Think Your Tool
    [The Stock-Return Predictor]
    Is 'Wiser' Than the Market?
    If It Was That Easy,
    Everybody Would Be Doing It."



    Bogleheads Forum Poster

  • "The Expected Return of Stocks [As Reported By The Stock-Return Predictor] Needs To Be At Least the Treasury Inflation-Protected Securities (TIPS) Rate for Stock Investing To Make Sense."




    Bogleheads Forum Poster

  • "I Have Used Valuations to Adjust My Asset Allocation For Many Years With Very Favorable Results."





    Poster at Bogleheads Forum
    (Prior to the Ban on Honest Posting)

  • "I Don't Care If You Do or Don't Believe That the Market Will Behave Similarly in the Future As It Has in the Past. Either Way, This [The Stock-Return Predictor] Is an Excellent Way to Understand What the Market Has Done In the Past."


    Poster at Bogleheads Forum
    [Prior to the Ban on Honest Posting]

  • "My Role Is To Give People Who Don't Like What the Historical Stock-Return Data Says About the Effect of Valuations on Long-Term Returns Somebody To Yell At On Internet Discussion Boards."



    Rob Bennett at Bogleheads Forum
    (Prior to the Ban on Honest Posting)

  • "It Really Is a Shame and Indefensible That So Many Feel the Need to Jump Into It With No Interest of Posting on the Topic But Just to Disrupt. Are You That Insecure? Some on the Forum Have an Interest in This Topic. If You Don't, Stay Out!"



    Poster at Bogleheads Forum
    [Prior to the Ban on Honest Posting]

  • "Irrational Behavior Does Follow Patterns. But How Many Experts in Behavioral Finance Believe That Such Knowledge Can Be Used to Predict Markets? Basically, None. Your Model Cannot Attain the Level of Predictive Value You Claim."



    Poster at Bogleheads Forum
    [Prior to the Ban on Honest Posting]

  • "The Safe Withdrawal Rate Studies Are Based on History. This [The Retirement Risk Evaluator] Shows, Based on the Same History, What the Probabilities Are for the Future at Various Starting Points. If the First Has Value, Then Surely This Does Too."



    Poster at Bogleheads Forum

  • "There Are Hundreds of People Who Contributed to This. This Calculator [The Stock-Return Predictor] Demonstrates in a Compelling Way the Power of This New Internet Discussion-Board Communications Medium."




    Rob Bennett at the Bogleheads Forum
    (Prior to the Ban on Honest Posting)

  • "A P/E10 of'26' Is Bad. Now Look at the 30-Year Return Predicted by the Calculator -- 5.4 Percent Real. That's Not Bad. There Are All Sorts of Strategic Implications That Follow From Understanding That Stocks Provide Different Sorts of Returns Over Different Sorts of Time-Periods."




    Rob Bennett

  • "I Would Never Invest in Anything Without Having Any Idea What the Expected Return Is. For Instance, I Would Not Walk Into a Bank And Say "I'll Take One Certificate of Deposit, Please" WIthout Asking What Rate They Are Offering."



    Poster at Bogleheads Forum
    [Prior to the Ban on Honest Posting]

  • "I've Seen Things Said on Investing Boards That I Have Never Heard Said in Discussions of Any Non-Investing Topic. The Question of Whether Valuations Affect Long-Term Returns Is a Topic That Causes People More Emotional Angst Than Does Abortion or Impeachment Proceedings or the War in Iraq."



    Rob Bennett at the Bogleheads Forum

  • "It's Not Possible For Those Who Have Come to Believe That Stocks Are Always Best to Accept that Valuations Matter. The Two Beliefs Are Mutually Exclusive. If Valuations Matter, There Is Obviously Some Valuation Level At Which Stocks Are Not Best. The Two Paradigms Cannot Be Reconciled."


    Rob Bennett

  • "The Great Safe Withdrawal Rate Is Over. Rob Bennett Has Won.The Technical Evidence Supporting This Assertion Is Rock Solid."




    John Walter Russell,
    Owner of the Early Retirement Planning Insights Site
    [This Statement Was Put Forward on August 3, 2003.]

  • "I Am Afraid that the Emperor SWR [for "Safe Withdrawal Rate"] Has No Clothes."





    A Poster at the Early Retirement Forum
    [This Statement Was Put Forward on October 8, 2003.]

  • "I Cite You and John Walter Russell in My Paper as the Earliest and Strongest Advocates of This Approach [New School Safe Withdrawal Rate Research]."




    Wade Pfau, Professor of Retirement Income
    at The American College

  • "Dear Rob -- I Just Became Aware of Your Past Research in September. Since Then, I've Read Archives From Many Discussion Boards and Websites, and I Always Find Your Writing to Be Very Interesting and Intriguing."



    Wade Pfau, Professor of Retirement Income
    at The American College

  • "I Think Rob Bennett Did Provide An Important Contribution in Terms of Describing a Way for P/E10 to Guide Asset Allocation for Long-Term Conservative Investors. I Also Think He Was Right on the Issue of Safe Withdrawal Rates."


    Wade Pfau, Professor of Retirement Income
    at The American College

  • "What Studies Show This [That Long-Term Timing Doesn't Work]? In Particular, Are There Some Academic Studies That I Haven't Found Yet? That's All I Want to Know."




    Academic Researcher Wade Pfau at the Bogleheads Forum After His Own Search of the Literature Turned Up Not a Single Such Study

  • "Because the Precise Timing of This Mean Reversion Is Not Known in Advance, Expecting the Result to Happen in the Short-Term Will Not Be Possible. But Long-Term Investors Who Can Be Patient Can Wait for This Mean Reversion and Will Eventually Come Out Ahead."




    Academic Researcher Wade Pfau

  • "Your Work Is at Odds with the Ethos of the Board -- Here the Theme is John Bogle's Philosophy, Which Eschews Market Timing. This Board Came Into Existence to ESCAPE One Individual, the Very Individual With Whom You Have Openly Aligned Yourself."




    A Lindaurhead (to Researcher Wade Pfau)

  • "The Problem With Long-Term Market Timing Is That It Takes Too Long to Find Out If You Are Right or Wrong."






    A Poster at the Bogleheads Forum

  • "Why Is It Such an Odious Violation of the Tenets of Bogleheadism to Explore Whether Someone Who Has Enough Patience Might Be Able to Benefit from the Transitory Nature of Speculative Returns (the Idea That the P/E Ratio Eventually Ends Up Where It Started)?"




    A Poster at the Bogleheads Forum

  • "Let Me Explain Why I Posted About This Here. Valuation-Informed Indexing Has Had Critics for Years. But Until Norbert Did It In 2008, Nobody Seemed to Have Provided a Serious Investigation of It. I Couldn't Understand Why. That Bothered Me."



    Researcher Wade Pfau at the Bogleheads Forum
    (Prior to the Ban on Honest Posting)

  • "If You Really Don't Like Market Timing in Any and All Forms, You May Not See Any Point in an Empirical Investigation. You View Me as One of a Long Line of Hucksters Trying to Sell You Some Snake Oil. I Don't Want to Be Such a Person."



    Researcher Wade Pfau at the Bogleheads Forum
    (Prior to the Ban on Honest Posting)

  • "Having a Completely Ineleastic Demand for Equities Is a Bit Bonkers. No One Acts That Way with Life's Other Important Commodities. Campbell Advocates a Linear Valuations-Based Strategy so That You Wouldn't Be Making Big Changes. This Would Be Like Rebalancing But More Flexible."



    A Poster at the Bogleheads Forum

  • "The Whole Idea of Valuation-Informed Indexing Belongs to You. Do You Mind if I call the Paper 'Valuation-Informed Indexing'? I Would Give You Credit. I Have Been Toying With the Idea of Sending the Paper to the Journal of Finance, Which Is the Most Prestigious Journal in Academic Finance."


    Academic Researcher Wade Pfau, in an E-Mail to Rob

  • "I Definitely Need to Cite You as the Founder of Valuation-Informed Indexing, As I Have Not Found Anyone Else Who Can Lay Claim to That. Shiller Pointed Out the Predictive Power of P/E10 But Never Discussed How to Incorporate It Into Asset Allocation, As Far As I Know."




    Academic Researcher Wade Pfau

  • "I Tested a Wide Variety of Assumptions About Asset Allocation, Valuation-Based Decision Rules, Whether the Period Is 10, 20, 30 or 40 Years, and Lump-Sum vs. Dollar-Cost Averaging To Show That the Results Are Quite Robust to Changes In Any of These Assumptions."




    Academic Researcher Wade Pfau

  • "Yes, Virginia, Valuation-Informed Indexing Works!"




    Academic Researcher Wade Pfau
    (Wade Holds a Ph.D. in Economics from Princeton.)
    (The Buy-and-Hold Mafia Threatened to Get Wade Fired From His Job When He Reported His Findings.)

  • "I Wrote Up the Programs to Test Your Valuation-Informed Indexing Strategies Against Buy-and-Hold and I Am Quite Excited. You Say in the RobCast That VII Should Beat Buy-and-Hold About 90 Percent of the Time. I Am Getting Results That Support This."




    Academic Researcher Wade Pfau

  • "Never Underestimate the Power of a Dominant Academic Idea to Choke Off Competing Ideas, and Never Underestimate the Unwillingness of Academics to Change Their Views in the Face of Evidence. They Have Decades of Their Research and Academic Standing to Defend."




    Jeremy Grantham

  • "There's So Much That's False and Nutty
    in Modern Investing Practice."






    Warren Buffett

  • "Following Conventional Wisdom Has Led a Generation of Investors Down the Road to Ruin."






    Steve Hanke

  • "It Is Sad That the Idea That Price Doesn't Matter...Should Ever Have Been Seriously Considered".






    Andrew Smithers, Co-Author of Valuing Wall Street

  • "The Conventional Wisdom of Modern Investing Is Largely Myth and Urban Legend."





    Rob Arnott, Former Editor of
    Fianncial Analysts Journal

  • "Economics Is a Dog's Breakfast of Theoretical Ideas and Alleged Causal Relationships That Are At All Times Unproven and In Dispute."





    Terence Corcoran, Editor of National Post

  • "Since They Did Not Diagnose the Disease, There Is Little Popular Confidence That They Know the Cure. What If Economics Is, Actually, At the Same Level as Medicine Was When Doctors Still Believed in the Application of Leeches?"




    Gideon Rachman, Financial Times

  • "One of the Most Remarkable Errors
    in the History of Economics."



    Yale Economics Professor Robert Shiller
    (Referring to the Logical Leap from the Finding That Short-Term Price Changes Are Unpredictable to the Conclusion That the Market Sets Prices Properly)

  • "Everything Has Fallen Apart."






    Peter Bernstein, Author of Against the Gods
    (Referring to Old Views About How Markets Work)

  • "We Wonder Why Funds and Banks, Full of the Best and Brightest, Have Made Such a Mess of Things. Part of the Reason Is That We Have Taught Economic Nonsense to Two Generations of Students."




    John Mauldin, Thoughts From the Frontline

  • "Perhaps Most Scandalously, the Theory [Behind Buy-and-Hold] Remained Received Wisdom Long After Empirical and Theoretical Arguments Had Demolished It Within the Academic Community."




    John Authers, Financial Times

  • "I Love the Humans Dearly (the Title of the Book I Am Writing Is Investing for Humans: How to Get What Works on Paper to Work in Real Life) But They Can Be a Trial at Times. Hey! Helping the Humans Learn What It Takes to Invest Effectively Is Not All That Different From Being Married!



    Rob Bennett

  • "We Are Going to See Hearts Melt Following the Next Crash. I Will Be Working Side-By-Side With All of My Many Buy-and-Hold Friends to Rebuild Our Broken Economy."





    Rob Bennett

  • "Wow, I Did Not Realize You Had Achieved This Much Success and Had Many Devoted Believers/Followers. That’s Great, Then Ignore the Opposition. It Is Great to Have Opposition: That Means You Are Doing Something Right."




    Robert Savickas, Associate Finance Professor
    at George Washington University

  • "I Do NOT Believe I Know It All. I Believe That Shiller Discovered Something Very Important and It Appalls Me That More People Are Not Exploring the Implications of His Findings. My Aim Is To Launch a National Debate."




    Rob Bennett

  • "I Can See How Many Readers Would Be Put Off by the Somewhat Sensational/Scandalist Tone and Would Not Persevere to Read, Thinking You Are Losing Your Mind."




    Robert Savickas, Associate Finance Professor
    at George Washington University

  • "I LOVE Everything About Buy-and-Hold Other Than the Failure to Encourage Investors to Take Price Into Consideration When Setting Their Stock Allocations. That's a Mistake That Was Made Because Shiller’s Research Was Not Available at the Time The Strategy Was Being Developed."



    Rob Bennett

  • "Valuation-Informed Indexing Sounds Like a Real Thing. If It Is and I Can Thoroughly Understand It, Then It Will End Up In My Classrooms and in My Students' Minds (Of Course, With References to You and Wade)."




    Robert Savickas, Associate Finance Professor
    at George Washington University

  • "I Can Confirm Wade Pfau's Experience. Whenever I Send My Papers to the Financial Analysts Journal or Similar Traditional Journals, I Get Rejected."





    Joachim Klement, CIO at Wellershoff & Partners

  • "As a Fan of Thomas Kuhn's The Structure of Scientific Revolutions, I Know That Progress Can Be Frustratingly Slow and What Is Typically Needed Is Either a Crisis or the Ascent of a New Generation of Scientists Who Did Not Build Their Careers on the Old Models and Theories."




    Joachim Klement, CIO at Wellershoff & Partners

  • "We Trace the Deeper Roots [of the Financial Crisis] to the Economics' Profession's Insistence on Constructing Models That, By Design, Disregard the Key Elements Driving Outcomes in Real World Markets."




    Knowledge@Wharton

  • "Rob Gets Himself So Worked Up Over What Someone Else Is Doing With Their Own Money and Not Bothering Rob in the Least. As Long As They Aren't Knocking on Your Basement Door, What Do You Care? They Are Happy and Content. Leave Well Enough Alone and Focus on Your Own Account."


    Dab, One of the Greaney Goons

  • "I've Been on Forum Since the BBS Days and I Think Rob is Special. He Could Be an Internet Meme If He Put Some Effort Into It. Someday, He Will Realize That the Only Thing He's Good At Is Being an Epic Loser. He Just Needs to Embrace That Idea and Run With It. Watch Out, LOLCats, Here Comes Pathetic Guy!"


    Wabmaster, One of the Greaney Goons

  • "Your Lies Are Not Even in the Realm of the Possible, Much Less Actually Credible, Much Less Actually True."






    Drip Guy, One of the Greaney Goons

  • "I'm Your Friend. I Am Not a Boil on Your Ass."






    Rob Bennett, In a Response Comment
    to One of the Greaney Goons

  • "You Guys [the Greaney Goons] Are the Same Jokers Who Have Done This Before, Sparring with Rob Over Nonsensical Issues On This Site and Others, Leveling Personal Attacks, and You Don't Even Use Real Names! Rob Is Entitled to His Opinion, But the Fact That You Challenge Every Jot and Tittle of What He Says Makes It Clear You Have An Unholy Agenda. Please Take It Elsehwere."

    Kevin Mercadante,
    Owner of the Out of Your Rut Site

  • "Rob, Take This As Friendly Advice. You're a Smart and Articulate Guy and You Could Be Making Valuable Contributions to This Discussion. I've Dealt with the Mentally Ill Before and I've Found That They Sometimes Can Be Reasonable If Gently Redirected."



    Goon Poster

  • "Always Remember Others May Hate You, But Those Who Hate You Don't Win Unless You Hate Them, and Then You Destroy Yourself."





    Richard Nixon

  • "I’m a Numbers Guy. And I Believe I Understand Rob’s Thesis, that Future Returns, Over the Next Decade, Have a Tight Inverse Correlation to the PE10 for the Starting Point. Remember, Correlation Doesn’t Need to be 100%, Only That There’s a Bell Curve of Potential Outcomes that Shift Meaningfully Based on the Input."


    Owner of Joe Taxpayer Blog

  • "What a Difference a Threat to Get the Father of Two Small Children Fired From His Job Has on an Investing Discussion, Eh? Long Live Buy-and-Hold! It’s Science! With a Marketing Twist!"




    Rob, Referring to the Wade Pfau Matter

  • "I Respect Rob and His Analysis. He's Bright, Energetic and Passionate. [The Goon Stuff] Is Really Nonsense. I Enjoy a Thought-Provoking Conversation With People I Respect."





    Owner of Joe Taxpayer Blog

  • "The Fact that Shiller is a Proponent of the Approach Takes it from a Fringe View to Mainstream, in my Opinion."






    Owner of Joe Taxpayer Blog

  • "I Have had Academic Researchers Tell Me That They Dream of the Day When They Will be Able to do Honest Research Once Again. I Have had Investment Advisors Tell me That They Dream of the Day When They Will be Able to Give Honest Investing Advice Again."



    Rob Bennett

  • "Let’s Call a Spade a Spade, Shall We? Wade Pfau Stole Your Research and Put His Name on it, Throwing You Just a Tiny Crumb of Acknowledgement to Ward Off a Lawsuit. He’s Profiting Handsomely By His Theft, Leading a Charmed Life, Widely Published, Widely Respected. While Rob Bennett Continues to Toil in Total Obscurity. It’s So Incredibly Unfair, I Think If It Happened to Me, It Could Actually Drive Me Insane."

    One of the Greaney Goons

  • About Us
    • Rob’s Bio
    • Rob’s Bio
    • Contact Rob
    • Rob’s Book
    • Don’t Sue Me!
  • Blog
  • Passion Saving
    • 20 Dangerous Money Myths — They Think We’re Stupid!
    • 10 Unconventional Money Saving Tips
    • Why Your Money or Your Life Rocked the World
    • This Book Saves Marriages — The Complete Tightwad Gazette
    • How to Start Saving Money
  • Valuation-Informed Indexing
    • Why Buy-and-Hold Investing Can Never Work
    • About Valuation-Informed Indexing
    • The Stock-Return Predictor
    • The Retirement Risk Evaluator
    • The Investor’s Scenario Surfer
    • The Investment Strategy Tester
    • The Returns Sequence Reality Checker
    • Nine Valuation-Informed-Indexing Portfolio Allocation Strategies
  • The Buy-and-Hold Crisis
    • Academic Researcher Silenced by Threats to Get Him Fired From His Job After Showing Dangers of Buy-and-Hold Investing Strategies
    • Academic Researcher Silenced By Threats to Get Him Fired From His Job After Showing Dangers of Buy-and-Hold Investing Strategies — Teaser Version
    • Corruption in the Investing Advice Field — The Wade Pfau Story
    • The Bennett/Pfau Research Showing Middle-Class Investors How to Reduce the Risk of Stock Investing by 70 Percent
    • Buy-and-Hold Caused the Economic Crisis
    • The True Cause of the Current Financial Crisis — Questions and Answers
    • Investing Discussion Boards Ban Honest Posting on Valuations
    • Wall Street Journal Calls Buy-and-Hold a “Myth,” Endorses Valuation-Informed Indexing

“I Had a Discussion About This With My Mother Shortly Before She Died. She Said That Maybe All That I Am Trying to Teach People Is Going To Become Widely Accepted After My Death. Oh, Great!….I Pray That I Have the Courage to Accept God’s Plan Here Without Too Much Whining.”

June 12, 2013 by Rob

Set forth below is the text of a comment that I recently posted to a discussion of a blog entry at this site:

hopefully for your sake you have more of a plan than praying.

God helps those who help themselves, What. So I certainly need to work it myself in addition to saying my prayers.

But it is in God’s hands, not mine. If God doesn’t mean for this to happen, it’s not going to happen, no matter how hard I work it.

I had a discussion about this with my mother shortly before she died. She said that maybe all that I am trying to teach people is going to become widely accepted after my death. Oh, great! I hate that idea.

It was just like my mom to say that, though. My favorite trait of hers is that she was not one to sugarcoat. So I have to accept that she might be right.

Now –

Why would God do that to me? It sounds almost like a trick.

It could be that He wanted me to learn patience or compassion. There might be some lesson in all this that I am today oblivious to that I can only become aware of by experiencing whatever I will be experiencing as the days move on. Perhaps I really will be put to death, you know? Perhaps there is some lesson that I can only learn by being put to death and God knows that it is only re this issue that I could ever possess the courage needed for things to reach that point (the issue of standing by your friends on the internet really does touch me in a way that not too many other issues do).

If that’s God’s plan, that’s God’s plan. I don’t want it to be so, I don’t like the idea one little bit. But I pray that I have the courage to accept God’s plan here without too much whining.

I don’t control the world, What. I don’t pretend to. I am some guy who figured out how to get posts to appear on internet discussion boards, nothing more and nothing less. I don’t think that I even possess a master plan, in the way you suggest. The plan I follow is that I wake up each morning, turn on my computer, handle what is in front of me that day, turn off the computer and go to sleep. I try as hard as I can to understand the other fellow’s point of view and to be kind and polite when doing it. I also try to be firm about honesty on important matters, not to give in to pressures applied to me to get me to say things I don’t believe to be so. That’s the plan, in summary form.

Following that plan has taken me to some mighty strange places over the past 11 years. I’ve seen amazing things, both positive and negative. I’ve never been under the illusion that I controlled how things turn out. I control one tiny little piece of the world, the posts that show up under the name “Rob Bennett.” That’s all.

I do believe that God put me here to do this work. He doesn’t speak to me in a direct way. I hear him speaking to me in an indirect way and that’s the message I hear. But I’ve been wrong about that sort of thing before and it could be that it’s happening again. But I personally believe that God put me here to do this work all the same.

I don’t pray often. But I do on occasion pray for help and courage. I would phrase things the opposite of the way you did. I would say that I need to continue exerting my efforts but that I need to accept that those efforts will not be nearly enough, that I am not going to prevail here without God’s help. I would say that I would be foolish to think that my efforts alone are going to be sufficient.

Safe withdrawal rates matter, What. I believe that. But I also believe that in the grand scheme of things they may not matter all that much. It could be that in the grand scheme there are things going on here that matter more than the investing topics matter. Thinking along those lines gets a bit too cosmic for me, so I don’t spend much time doing it. But I think that’s a possibility. I certainly think it would be a terrible mistake for me to make safe withdrawal rates so important that I would be unkind to you or one of my other Goon friends. I don’t believe that I have ever been unkind to any of you and I certainly pray that I never cross that line.

Enough!

Take good care, my old friend.

Rob

Filed Under: Rob Bennett Tagged With: abusive discussion board posting, financial crisis, God works in strange ways, why won't Rob Bennett give up?

Comments

  1. The Deleted plop contributor says

    June 12, 2013 at 8:24 am

    Rob,

    Don’t you think God already gave you an answer? You have been doing this for 11 years with no success. The answer seems to be “no”.

  2. Rob says

    June 12, 2013 at 8:42 am

    It depends on how you look at it, Deleted.

    If you are talking about me becoming rich and famous, you are right. That sort of thing has been denied me in a big way for 11 years now. Fair enough.

    But how about the accomplishments?

    The accomplishments are 100 times greater than the greatest accomplishments I ever dreamed of attaining back when I was a boy growing up in Northeast Philadelphia and hoping someday to follow the steps of Woodward and Bernstein is some tiny way. So there’s that.

    I’d be happy to trade some of the accomplishments stuff for some of the wealth and fame stuff at this point in the proceedings. The rewards that I have experienced are more than a little bit on the UNBALANCED side at this point in the proceedings. But whachagondo?

    God for some reason known only to Him (or Her!) sees fit to give me lots and lots and lots of rewards on the accomplishments side of the ledger and pretty much zip on the fame and wealth side of the ledger. It’s not fair! I could cry about it. But would it do any good? That’s the question that haunts me when I am tempted to take it in that direction.

    My view is that the thing to do is to be grateful for the huge blessings I have received on the accomplishments side of the ledger. And perhaps to include a small note in some prayer I send up from time to time to the effect of “Hey! Would it be a terrible thing for the world if I were to get a wee bit of that wealth and fame stuff mixed in with all this wonderful accomplishments jizz-jazz?”

    That’s God’s call, though, Deleted.

    That’s the point of the post.

    I can wish for things to change. But I cannot make it happen on my own. Ultimately, I have to accept what is and make the best of it.

    So do you, my old friend.

    At least that’s my sincere take re this important matter.

    Hang in there, old buddy.

    Rob the (Occasional) Prayer

  3. The Deleted plop contributor says

    June 12, 2013 at 8:42 am

    Rob said:”I do believe that God put me here to do this work”

    God does require you to work (if able), but what you are doing isn’t really work, Rob.

    Here is a link to many scripture references as to work:

    http://www.openbible.info/topics/lazy_people

    I think this quote in particular is one that focuses like a laser:

    1 Timothy 5:8
    English Standard Version (ESV)
    8 But if anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever.

    Have you provided the best you can? Maybe it is time to get a job and work. Diligent work leads to provision.

  4. Rob says

    June 12, 2013 at 8:46 am

    Have you provided the best you can?

    Yes, I believe I have, Deleted.

    I have provided for the material needs of my boys very well. If anything, their life is too soft. That’s the worry.

    And I have demonstrated to them how good things, the kinds of things that really matter in this life, don’t come easy in this life. It’s important that they learn that. And they don’t learn it by seeing their dad take the easy path to turning a quick buck. They are learning that having integrity is hard sometimes. But that the long-term payoff can be very, very big in all sorts of wonderful ways.

    I wish you all the best that this life has to offer a person, my old friend.

    Rob the (Stubbornly) Virtuous One

  5. The Deleted plop contributor says

    June 12, 2013 at 8:49 am

    Just to give you more background, Rob. I volunteer as a financial counselor with a church ministry. I actually help those middle class Americans you talk about. Their problems have nothing to do with SWRs, but with consumer debt that keeps them from saving. Some are like you. They have a “dream” and decide everything will take a backseat to the dream. They can’t afford that dream and they as well as their family suffer. They are also incapable of helping out those in need, which is actually one of the commands, as you probably know.

    God likely gave you an answer, but I think you are too mentally wrapped up in your mission and dream, that all reality has gone out the window.

  6. The Deleted plop contributor says

    June 12, 2013 at 8:55 am

    Rob,

    How is retiring early showing your boys the meaning of work and provision? How is working diligently at your job part of Path to earning a quick buck? The proper model is to demonstrate the fruits of hard work and that you can not only provide adequately for your family, but also for others.

    From what I have read, your finances in retirement demonstrate otherwise.

  7. Rob says

    June 12, 2013 at 8:57 am

    Their problems have nothing to do with SWRs

    You’re wrong, Deleted.

    The lies that the Wall Street Con Men tell us about SWRs are the same lies that caused the economic crisis.

    Middle-class people have a harder time finding jobs during an economic crisis than they do at times when we are permitting honest posting on SWRs and lots of other critically important investment-related topics. It gets even harder to find a job when we go into the Second Great Depression.

    It’s one thing to act superior and say to hurting people “Get a job!”

    It’s something very different to work up the courage to stand up to the Wall Street Con Men and to do what needs to be done to make it possible for ordinary people to be able to find jobs.

    Ending this economic crisis is important work. Avoiding the Second Great Depression is important work. Bringing us to the greatest period of economic growth in our history is important work. Reducing the risk of stock investing by 70 percent is important work. Making it possible for people of intelligence and integrity to earn a living in the investing field is important work.

    We do not agree on a number of important issues, Deleted. Re a good number of important issues, we are working at cross purposes.

    I wish you all good things.

    Rob the Hard Worker

  8. Rob says

    June 12, 2013 at 9:00 am

    From what I have read, your finances in retirement demonstrate otherwise.

    You need to spend less time taking in the smelly garbage put forward by the Lindauerheads and the Greaney Goons and more time taking in the wonderful and kind and intelligent and life-affirming stuff put forward by the thousands of your fellow community members who have expressed a desire that honest posting on investing questions be permitted at every board and blog on the internet, Deleted.

    My sincere take.

    Don’t let the bad guys get you down, man.

    Rob the Friendly Advisor

  9. The Deleted plop contributor says

    June 12, 2013 at 9:07 am

    Rob,

    The facts you put out on your own retirement finances say otherwise. The facts about the low savings rates being the primary factor of retirement failure are well documented. You have not provided any supported facts to show otherwise for either issue.

  10. Rob says

    June 12, 2013 at 9:15 am

    The facts about the low savings rates being the primary factor of retirement failure are well documented.

    The fact that the reckless and relentless and ruthless promotion of the Buy-and-Hold “strategy” caused the economic crisis is also well-documented.

    There are few “experts” willing to give voice to this reality publicly. But talk to them privately and they will acknowledge the reality.

    Why don’t they feel comfortable saying what they know?

    Is it because they don’t think the economic crisis matters?

    Or is it because they like their cushy careers and know that the Buy-and-Hold Mafia will destroy them if they speak clearly about what is truly in their hearts and minds?

    You know what I think.

    And I think this is a very, very bad thing.

    I think it is going to tear our country apart as the Buy-and-Hold Crisis worsens and causes more and more and more human misery.

    My best wishes to you and yours.

    Rob

  11. Evidence Based Investing says

    June 12, 2013 at 9:37 am

    “This is a story of a man, who was a firm believer of god.

    One day it began to rain very heavily. It kept raining and a big flood came.
    The man climbed up on the roof of his house, and knew that he would be ok. God would protect him.

    It kept raining and now the water had reached his waist. A boat came by and a guy in the boat said: “Hey, jump in. We will take you with us”.
    “No thanks”, said the man. “I’m a firm believer in God. He will rescue me”. He sent the boat away.

    It kept on raining and now the water had reached his neck. Another boat came by and a guy in the boat said: “You look like you could need some help. Jump in and we will take you with us”.
    “No”, said the man. “I’m a firm believer in God. He will rescue me. Don’t worry about me”. The boat sailed away.

    It still rained and the water now reached his mouth. A helicopter came by and a guy in the helicopter threw down a rope and said: “Hi there my friend. Climb up. We will rescue you”.
    “No”, said the man. “I’m a firm believer in God. He will rescue me. I know he will”. The helicopter flew away.

    It kept on raining, and finally the man drowned.

    When the man died, he went to heaven. When entering Heaven, he had an interview with God.
    After giving a polite greeting and sitting down, the man asked: “Where were you. I waited and waited. I was sure you would rescue me, as I have been a firm believer all my life, and have only done good to others. So where were you when I needed you?”
    God scratched his confused looking face and answered: “I don’t get it either. I sent you two boats and a helicopter”.

    Many who believe in God or in Karma etc. somehow believes that signs of help and guidance comes as a big event of some kind, when actually it would probably come as small signs of help here and there along the way.

    Listen to the world around you. You might just find the answer there. “

  12. Rob says

    June 12, 2013 at 9:43 am

    Listen to the world around you. You might just find the answer there.

    Shiller is part of the world around me, Evidence.

    His book was a best-seller.

    Rob the Reader

  13. The Deleted plop contributor says

    June 12, 2013 at 10:53 am

    Rob,

    The savings rate was pathetic before the economic crisis. It has always been the problem. SWRs are not the issue for middle class America.

  14. The Deleted plop contributor says

    June 12, 2013 at 11:22 am

    Rob,

    You either don’t comprehend the story evidence told, or you just don’t like what it means.

  15. Rob says

    June 12, 2013 at 11:23 am

    SWRs are not the issue for middle class America.

    Then it cannot hurt to permit honest posting on them.

    Rob the Logical

  16. Rob says

    June 12, 2013 at 11:25 am

    You either don’t comprehend the story evidence told, or you just don’t like what it means.

    Or perhaps it is yo who doesn’t comprehend the story or who doesn’t like what it means.

    Rob the Turn-About Artist

  17. The Deleted plop contributor says

    June 12, 2013 at 11:26 am

    People post all the time on the topic. I can give you plenty of links to prove that. The problem for you is that you were kicked off the boards because of your behavior. You got your feelings hurt and thus we have your 11 year campaign that has been a waste of time.

  18. Rob says

    June 12, 2013 at 11:31 am

    We don’t need more posting on the topic.

    We need HONEST posting on the topic.

    For that, we need to break the Buy-and-Hold Mafia.

    The day that prison sentences are announced for those who have posted in “defense” of Mel Linduaer and John Greaney, it is over, Deleted.

    That will go viral.

    You will never again hear any “expert” in this field “defend” Buy-and-Hold.

    And, once we are all enjoying the greatest economic boom in our history, you will never hear one person express any regret for the decision to permit honest posting on the last 32 years of peer-reviewed academic research.

    My sincere take.

    Rob the Forward-Looking One

  19. The Deleted plop contributor says

    June 12, 2013 at 11:34 am

    There is plenty of honest posting. You just have to get over your vendetta with the people that want nothing to do with you.

  20. Rob says

    June 12, 2013 at 11:40 am

    Okay, Deleted.

    Take care, man.

    Rob the Resigned

  21. The Pink Unicorn says

    June 12, 2013 at 11:47 am

    Rob,

    This thread is a waste. You seem to want to know if your efforts are part of God’s plan. You have been doing this for over a decade with no results. You appear to have your answer. Despite this apparent answer, you can’t mentally let go, so you keep up with the foolish game expecting that some fantasy will come to pass that includes your enemies put in prison and people magically handing you $500 million because of what you have described as a guilt trip.

    Based on the original subject of this thread, there is plenty to read in the bible about acting like a fool. Next, thing you know, you will also tell us you know more about investing than God.

  22. Rob says

    June 12, 2013 at 12:00 pm

    Next, thing you know, you will also tell us you know more about investing than God.

    Jack Bogle is as close as we’ve got to an investing God in this world, Pink.

    And I think it would be fair to say that I now am 11 years ahead of my good friend Jack in my understanding of the realities.

    So what you are saying is kinda, sorta true when you look at it from a funny sort of angle.

    It’s obviously not because I am smarter than Jack. Or that I work harder. Or that I went to investing school for more years. Or that I managed bigger funds.

    If anything, it’s because none of those things are true that I have been able to gain so much ground on my good friend.

    The basic texts in this field have it wrong. The mistake that was made was a mistake that goes to the root. It is the foundation of our knowledge in this field that is in error.

    Guess what happens when you go to Investing School or when you get put in charge of a big fund?

    You come to place great reliance on what they say in the textbooks. You come to have a great deal of confidence in the foundational ideas.

    I have never suffered from any great confidence in the foundational ideas. I believed in Buy-and-Hold on the morning of May 13, 2002. For the same reason most other reasonably smart people do. That’s what I heard being promoted as the research-based strategy on television and in magazines and all that sort of thing.

    I learned different on the night of August 27, 2002, when John Greaney threatened to kill my wife and children if I ever again “crossed” him by posting honestly on SWRs and 200 of my fellow community members gave his post an Up vote.

    I knew then it was all b.s., Pink.

    And I have never looked back.

    A legitimate investing strategy gives the investor confidence things will turn out okay in the long run. It is Get Rich Quick schemes that cause people to feel so much emotional pain that they make death threats or applaud death threats.

    Jack will catch up to me one of these days. He is a great man. Following the next crash, his heart is going to melt when he sees all the human misery he has caused with his relentless promotion of the smelly Buy-and-Hold garbage. And I will be appearing with him on stage on his “I Was Wrong” world tour, where we will be working together to bury the GRQ garbage 30 feet in the ground while filling millions of middle-class investors in on the first true research-based strategy, Valuation-Informed Indexing.

    I hope you are able to share a bit in all the fun we will be having then, even if it has to be in a limited way and from a prison cell.

    It gets better, Pink. A lot better.

    My best wishes to you and yours.

    Rob the True Boglehead

  23. The Pink Unicorn says

    June 12, 2013 at 12:09 pm

    Despite your spin, Rob, it does appear that you feel you know more than God on investing and/or this is just another thread for you to justify your position.

  24. Evidence Based Investing says

    June 12, 2013 at 12:14 pm

    The day that prison sentences are announced for those who have posted in “defense” of Mel Linduaer and John Greaney, it is over, Deleted.

    People will not be sent to jail for exercising their right to free speech.

  25. Rob says

    June 12, 2013 at 12:16 pm

    No.

    I believe certain things to be so.

    But I am one of the flawed humans. It is not possible for me to know anything with certainty. Anyone who changes his or her beliefs on investing solely based on something I say about the subject is a damn fool. That’s not some Goon talking. It’s Rob Bennett who says that.

    Here’s an idea, Pink.

    Have every board and blog that has banned honest posting make an announcement that, as of the close of business today, honest posting will be permitted on SWRs and on many other critically important investment-related topics. But add a provision that the posts of Rob Bennett and Rob Bennett only will contain warning language at the end saying “This fellow acknowledges that he has been wrong about important things in the past and that it could well be that it is happening again.”

    I’ll have zero objection.

    I’ll applaud you for the positive and constructive and life-affirming condition.

    I don’t know anything for certain.

    But I don’t feel even a tiny bit comfortable putting my name to claims that I believe will cause huge life setbacks for my friends somewhere down the line. So I won’t do it.

    I ask kindly that you try to find someone else for that sort of work.

    It is not my particular cup of tea.

    My warmest regards.

    Rob the Fallible

  26. Rob says

    June 12, 2013 at 12:18 pm

    People will not be sent to jail for exercising their right to free speech.

    That’s correct.

    It will be for financial fraud.

    Love ya, man.

    Rob the Legal Expert

  27. The Pink Unicorn says

    June 12, 2013 at 12:26 pm

    What you want, Rob, is for every board that banned you to say they ewere wrong in doing so, right? Nice try at spinning that.

  28. Rob says

    June 12, 2013 at 12:38 pm

    I’m willing to help out regardless of whether they say they were wrong or not, Pink. There are biggest issues here than the personal stuff.

    But, sure, it’s a good thing if they say they were wrong. That helps everybody feel better about themselves. An apology helps the person giving it more than it helps the person to whom it is directed.

    Have you ever been in an argument with someone? And you find yourself getting trapped? You want to win so much that you find yourself saying crazier and crazier things. Then at some moment it hits you how stupid you are being.

    And you apologize.

    And right away you feel a whole big bunch better.

    So, yes, I very much favor apologies. I don’t demand them, however.

    There’s only one thing re which I have drawn a line in the sand. I will never post dishonestly re the numbers that my friends use to plan their retirements.

    It shouldn’t be even a little bit difficult for any reasonable person to understand why there can be no compromise re that one. And indeed I have not once offered even the tiniest hint of any willingness to compromise re that one. Not in 11 years. Not in 11 billion years.

    To suggest some possibility of compromise would be cruel, Pink. I would be leading you on. For what purpose?

    My best to you and yours.

    Rob

  29. The Pink Unicorn says

    June 12, 2013 at 1:59 pm

    Rob,

    I think we have a difference of opinion as to what hosting posting means. To me, honest posting means that I am speaking the truth and it can be supported with facts. Honest posting for you is what your opinion happens to be at the time.

  30. Rob says

    June 12, 2013 at 2:14 pm

    I will continue to post honestly re SWRs and many other critically important investment-related topics in any event, Pink.

    I wish you all good things, my old friend.

    Rob the Honesty Nut

  31. The Pink Unicorn says

    June 12, 2013 at 2:37 pm

    You have already said that, but what our definition of honest posting differs. Honest posting in my mind is what is truthful and can be backed by facts. To you, it is based on YOUR opinion.

  32. Rob says

    June 12, 2013 at 2:43 pm

    I understand, Pink.

    Please take good care.

    Rob the Understanding One

  33. Evidence Based Investing says

    June 12, 2013 at 3:30 pm

    I learned different on the night of August 27, 2002, when John Greaney threatened to kill my wife and children if I ever again “crossed” him by posting honestly on SWRs and 200 of my fellow community members gave his post an Up vote

    Does that post still exist at Motley Fool?

  34. Rob says

    June 12, 2013 at 3:37 pm

    No one had dared to post on the subject of early retirement there for many years now, Evidence.

    It was the most successful board in the history of the Motley Fool site back in the days before the Greaney Goons came on the scene.

    Rob

  35. Evidence Based Investing says

    June 12, 2013 at 3:41 pm

    You didn’t answer whether the post still exists at Motley Fool.

  36. Rob says

    June 12, 2013 at 3:51 pm

    There are fix or six posts making various threats as to what Greaney would have his Goons do to me and my family in the event that I continued to post honestly. Motley Fool removed the threat posts themselves. But there are posts that discuss them that contain quotes from the threat posts (I believe that their lawyers demanded this). There were also numerous posts in which a large number of community members expressed a desire that honest posting be permitted. All of those posts (combined with the 11 years of follow-up acts of intimidation) tell you what you need to know to gain at least a rough sense of the length of the prison sentence you have to look forward to, Evidence.

    Of course, Greaney continues with the death threats and other acts of intimidation to this day. Ask Academic Researcher Wade Pfau. Or ask Jack Bogle. He knows about it. He is afraid to say anything publicly. But I would bet $5 that he would be willing to say in private that he opposes such smelly garbage and that he is ashamed of himself for failing to speak up about it.

    I obviously am doing all I can to get the prison sentences for you Goons shortened a bit. But I can’t say that I will be unhappy to hear my good friend Jack Bogle posting honestly. I think that will be a real treat. So I can’t say that the prison sentences are not needed. I just feel that all of us who consider ourselves friends of you Goons should be doing what we can to keep them as limited as possible given the circumstances.

    I hope that makes good sense to you, my long-time abusive posting friend.

    Rob the Goon Friend

  37. Evidence Based Investing says

    June 12, 2013 at 3:55 pm

    But there are posts that discuss them that contain quotes from the threat posts (I believe that their lawyers demanded this).

    Do you have a link for those posts?

  38. Rob says

    June 12, 2013 at 3:58 pm

    Of course.

    And I have of course shared them with you Goons on hundreds of earlier occasions.

    I have also shared them with the Purcellville Police Department, the FBI, my congressman and a special unit on Internet Crimes in the Virginia state police department.

    We’re covered, man.

    Next we go to the jury.

    Good luck!

    Rob the Documentation Freak

  39. Evidence Based Investing says

    June 12, 2013 at 4:10 pm

    And I have of course shared them with you Goons on hundreds of earlier occasions.

    A more accurate staement would be that you have claimed to have shared the links on hundreds of earlier occasions.

    You haven’t been so good with actual sharing.

    I have also shared them with the Purcellville Police Department, the FBI, my congressman and a special unit on Internet Crimes in the Virginia state police department

    And how did they react to your information?

  40. Rob says

    June 12, 2013 at 4:16 pm

    A more accurate staement would be that you have claimed to have shared the links on hundreds of earlier occasions.

    That makes sense, Evidence. Truly outstanding!

    And how did they react to your information?

    No one has taken effective action to this date.

    If someone had, you would be in prison today instead of posting at this blog.

    Duh.

    Rob the Stater of the Obvious

  41. Evidence Based Investing says

    June 12, 2013 at 4:23 pm

    No one has taken effective action to this date.

    If there were actual death threats than someone would have taken action.

  42. Rob says

    June 12, 2013 at 4:29 pm

    One would think.

    One would hope.

    One would pray.

    Rob the Thinking and Hoping and Praying

  43. Evidence Based Investing says

    June 12, 2013 at 4:33 pm

    Thinking and Hoping and Praying doesn’t seem to have worked so far.

    You could try backing up your claims with actual evidence.

    If such evidence exists.

    Which it doesn’t.

    So Thinking and Hoping and Praying is probably your best shot.

    But I wouldn’t hold out much hope if I was you.

  44. Rob says

    June 12, 2013 at 4:38 pm

    A jury will decide the matter, Evidence.

    That’s how our system works.

    I wish you well.

    Rob the Believer in the U.S. System

  45. Rob says

    June 12, 2013 at 4:40 pm

    Thinking and Hoping and Praying doesn’t seem to have worked so far.

    I think it would be fair to say that it has worked a whole big bunch better than agreeing to engage in financial fraud in an effort to persuade you Goons to permit me to post on the internet.

    If I had engaged in financial fraud, I would have a prison sentence in my future too.

    No thanks, man.

    Rob the Freedom Lover

  46. Evidence Based Investing says

    June 12, 2013 at 4:42 pm

    A jury will decide the matter, Evidence.

    The Purcellville Police Department, the FBI, your congressman and a special unit on Internet Crimes in the Virginia state police department have already delivered their verdict.

    Your case is totally without foundation and no trial will ever happen.

  47. Rob says

    June 12, 2013 at 4:54 pm

    Time will tell the tale, Evidence.

    By the way, there will not be any prison sentences coming about as a result of “my” case. Criminal actions are brought by the state. There would have to be a public demand for a criminal case to be brought before such a case could be brought.

    I intend to bring a case against you for civil damages. But that’s a money thing. That’s not going to put you in prison.

    I would imagine that there will be tens of thousands of people who will have suffered failed retirements who also will be bringing civil cases. Those will not directly lead to a prison sentence for you either. It might be that the hundreds of thousands of failed retirements you have caused and the massive social problem we will experience as a nation will generate a groundswell of support for criminal actions. But the people filing civil actions will not have the power to determine themselves whether criminal actions will be brought or not.

    I wish you the best of luck with it. Please let me know if there is ever anything that I can do.

    Rob the Concerned

  48. Evidence Based Investing says

    June 12, 2013 at 5:02 pm

    I intend to bring a case against you for civil damages.

    No lawyer that you have contacted has been willing to take such a case.

  49. Rob says

    June 12, 2013 at 5:08 pm

    The full truth is that several have expressed a great interest in taking the case.

    Of the six or so that I contacted, none was willing to take the case on a contingency basis. Actually, one was. But he felt that the case was too big and that his firm was not large enough to handle it. In any event, it is correct to say that the papers have not get been filed. Duh.

    I have a funny feeling that there will be lawyers coming out of the woodwork to take on cases of this type following the next crash. Why would the legal industry not want to get its hands on the billions of dollars in legal fees that by rights will be going its way once people see how the ruthless promotion of Buy-and-Hold strategies for 32 years after the peer-reviewed research showed that there is precisely zero chance that a Buy-and-Hold strategy could ever work for a single long-term investor?

    I have known a lot of lawyers, Evidence. I cannot say that I have known too many who would turn down slam-dunk cases for huge damage awards.

    Hey! Maybe the Wall Street Con Men will cover your damages. No one has a crystal ball. No one can say for sure, right?

    Anyway, I wish you all the best of luck with it.

    Rob the Knower of Many Lawyers Who Like to Bring Sure-Thing, Big-Money Cases

  50. Rob says

    June 12, 2013 at 5:15 pm

    Hey!

    Do you think any of the tens of thousands of lawyers who will be bringing cases will be interested in the 11 years of documentation of ongoing financial fraud made available to the world at this site?

    Yikes!

    That would mean a lot of links!

    Will the servers be able to handle it?

    I don’t know if I can afford a larger server given my terrible financial situation.

    What a mess I have gotten myself into with this thing!

    Rob the Cost-Conscious Site Owner

  51. The Deleted plop contributor says

    June 12, 2013 at 8:18 pm

    Rob,

    It is so easy to see that you are full of it. First of all, if you had evidence of a crime, the police department would be required to work with the district attorney to file criminal charges. Also, you have been asked many times to back up your claims (provide evidence) and you have yet to do so.

    Next, lawyers take cases based on how they get paid. If they feel that the case has a strong case to be won and that they can also reap a substantial award, they will take the case on contingency. If not, they will only take the case if they are paid an hour basis. Clearly, the law firms that you spoke with are not confident in your allegations. Thus, they are pursuing it.

    Finally, with everything, there is a statute of limitations. I know you keep spinning your story that it doesn’t apply and that there are ongoing violations still happening, but that is still all part of your silly fantasy.

    The legal system looks at you like a crackpot, just like the rest of us have determined.

  52. Rob says

    June 12, 2013 at 9:11 pm

    I will continue posting honestly all the same, Deleted.

    When the time is ripe, I will bring the civil lawsuits.

    If you are brought up on criminal charges, I will testify honestly.

    That’s it.

    I don’t control the rest and I don’t pretend to.

    I wish you all good things.

    Rob the Well-Wisher

  53. The Deleted plop contributor says

    June 12, 2013 at 10:38 pm

    Yes, I know you will continue your fantasy posting, while the rest of us will actually post the truth that is supported by facts.

    As you can tell, no one is scared of your hollow threats of lawsuits or other legal action because you have no basis. Instead, there is plenty of evidence to show that people have a case against you. Your saving grace is that you have minimal assets for anyone to want to spend time going after you (the only benefit I can think of as a result of your poor planning).

  54. Rob says

    June 13, 2013 at 7:06 am

    Thanks for your kind words and warm wishes, Deleted.

    Rob the Grateful

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