Set forth below is the text of a comment that I recently put to the Goon Central board:
the Four Percent Rule may be much more valuable as a guide rather than a steadfast rule…
There’s no problem in using the 4 percent rule as a guide, Drip Guy. That’s how I’d like to see the numbers generated by the New School SWR methodology used. I am not God. I don’t want people looking at the numbers generated by my calculator and saying “This Rob Bennett fellow says it, so it must be so and I am going to plan my retirement around those numbers.” I produce those numbers as a guide. So, fine. Let’s say that the Old School numbers were intended as a guide as well.
Then why the death threats?
Why the board bannings?
Why the tens of thousands of acts of defamation?
Why the threats to get academic researchers fired from their jobs?
It’s not just the Old School SWR numbers that are a guide, Drip Guy. The entire Buy-and-Hold model is only a guide. We didn’t even start studying stock investing in a systematic way until the 1960s. How could ANY of it be more than a guide at this point? It’s ALL a guide. But you Buy-and-Hold Goons don’t ACT like it’s all a guide. You act like you have discovered Truth.
That’s why you are going to prison. People who put forward guides don’t go to prison, Drip Guy. People who put forward guides don’t feel so upset when other sorts of guides are put forward that they feel a need to commit felonies to stop the people who want to hear about the other sorts of guides from hearing about them.
Every single word that any one of us humans puts forward re stock investing in the Year 2013 is a freakin’ word of guidance and nothing more. That’s where we stand in the development of our knowledge of how this stuff works.
That’s why those who fail to remember that it is all a guide and who engage in felonies to stop those who have other sorts of guidance to offer, guidance that may end up being of huge value to millions and millions of people, need to be placed in prison cells. We made the laws that will be putting you in prison to protect us from the sorts of individuals who forget that every number ever produced by the Buy-and-Holders was a mere Guide.
It’s a guide allright.
And you forgot that.
And you hurt lots of people by doing so.
And, unless you straighten up and learn how to fly right before the arrival of the next price crash, I think it would be fair to say that you will be spending a long time in a prison cell for that act of forgetfulness and the felonies that it led you to commit.
My best wishes to you, old friend.
Rob the Leader of the New School SWR Guidance