Set forth below is the text of a comment that I recently put to a blog entry at this site:
You haven’t suffered $500 million worth of damages.
I’ve suffered far more than $500 million in losses as a result of the Campaign of Terror, Evidence.
The research that I did with Wade is Nobel Prize-level work. It shows millions of middle-class investors how to reduce the risk of stock investing by 70 percent and how to retire five to ten years sooner than they ever imagined possible following Buy-and-Hold strategies.
If each of 100 million people were willing to spend just $1 for each year by which they could retire early, that’s more than $500 million in my pocket as a result of just a single article.
I of course did a lot more than publish that single article over the past 11 years.
Obama spent trillions trying to get us out of the economic crisis. My work showed us how to avoid the crisis in the first place. Those insights obviously have a value in the trillions.
And my effort to open the internet up to honest posting on investing topics would permit hundreds or even thousands of academic researchers to do honest work for the first time. There is no price that can be put on the ability for these people to win back their personal integrity.
I am willing to settle for $500 million so long as this amount is paid prior to the next crash. It makes sense for me to do all I can to keep us out of the Second Great Depression. But never am I going to pretend that the value of the work I have put forward during the past 11 years is not much, much higher than the $500 million figure for which I am prepared to settle so long as the amount is paid in time to prevent the next big deepening of the economic crisis.
I wish you all good things, old friend.