Set forth below is the text of a comment that I recently put to a discussion of a blog entry at this site:
Your comments about “the court of law” and the comment on ” civil and criminal law” could be considered defamatory and threatening. You should think before making accusations like that to anyone.
I’ve taken on The Buy-and-Hold Mafia, Sparky. I’ve been hearing threats every day for 11 years running now.
My good friend Jack Bogle has all the money and influence and power in the world, Sparky.
If he doesn’t like it that I call him and the other Buy-and-Holders out on their nonsense, he should sue me.
Maybe he’ll even win, you know?
I’m not going to post dishonestly on the numbers that my friends use to plan their retirements. Not in 11 years. Not in 11 billion years.
That’s financial fraud. If I engage in financial fraud, I could be put in prison for good reason. At least if I go because my good friend Jack pulls some strings, I am being sent to prison without just cause.
I’m at risk either way. If I post honestly, the Buy-and-Hold Mafia feels that it needs to destroy me. If I post dishonestly, I have committed a real crime. Of the two options, I prefer posting honestly and taking my chances with Old Jack.
I love the guy. I rank him as the second most important investing analyst in history. I’ll sing his praises even if he sues me or gets me sent to jail. That’s because I like singing the guy’s praises when it is possible to do so honestly. So he can count on me for that.
When Jack posts in “defense” of Mel Linduaer or John Greaney, he shames himself. I cannot support him when he goes down that dark road.
Are we clear where we stand?
If Old Jack does NOT sue me, I’ll be pointing people to this post and noting that he didn’t pull the trigger. That will encourage others to speak up. So having his Goons threaten to sue me and then not pulling the trigger is the worst of all worlds for him.
I wish you (and my good friend Jack!) all of the best things that this life has to offer in any event, Sparky.
Don’t let the bad guys get you down, man.
Rob
Since you don’t have much money, there is little anyone can get from you in a successful lawsuit. At least there is one upside to your underfunded situation.
No one can say I didn’t plan this all out perfectly!
Rob the Prudent
Rob,
Repeating the same lines and stories for 11 years does not make things to be true. Comments mean nothing without supporting facts. To the opposite, we have seen documented comments in which you have made death threats, we have seen you continue make up a story about Wade, when we have seen by his own words that you are the one causing him harm and we see you deleting posts at the same time you cry about bannings. Your SWR campaign is a farse as you never answer the questions that people have asked with respect to your faulty conclusions. You claim that you are helping middle class America by pointing out the flaws in SWRs, when the primary factor is a lack of savings.
To sum it up, it has been a big waste of time because there are no facts to back you up.
Thanks for your kind words and warm wishes, Pink.
Please take good care, my old friend.
Rob the Pleased
Threats every day for 11 years, Rob? Are you sure those aren’t voices in your head? You have some serious mental issues, Rob.
I’m sure, Sparky.
If it were only me, that would be a possible explanation.
It’s not only me. We have seen that academic researchers in this field are afraid to stand up to The Buy-and-Hold Mafia. And economists are afraid to stand up to the Buy-and-Hold MAfia. And policy makers are afraid to stand up to the Buy-and-Hold Mafia. And bloggers and journalists are afraid to stand up to The Buy-and-Hold Mafia.
It is because of the huge power of The Buy-and-Hold Mafia (a result of the great wealth that the Wall Street Con Men have to throw around) that we are in an economic crisis today.
The problem has to be addressed.
I didn’t cause the problem. I didn’t even know this WAS a problem on the day I put forward my post pointing out the errors in the Old School SWR studies. But there clearly is a problem here. Otherwise, the studies would have been corrected within 24 hours of the time that the errors in them were discovered.
We ALL are to blame.
The Wall Street Con Men cannot throw their money and weight around if we all stand up to them. Too many of us are tempted to go for the quick buck.
It ends here, it ends now.
Please wish me luck, Sparky. Bringing down the Buy-and-Hold Mafia helps us all in a big way. We are all in this together.
Rob