Set forth below is the text of a comment that I recently posted to another blog entry at this site:
The only hate I see is coming from you. You are the one that threatens people with prison time and lawsuits. You are the one that makes endless posts about “goons”.
It all started with you when you got banned from the boards. You have spent your time weaving a story to fit your fantasy of people going to jail and you reaping millions of dollars.
It all started when I pointed out the errors in Greaney’s safe withdrawal rate study, Pink.
If the numbers in the studies that millions of us have used to plan our retirements are wildly wrong, then the entire model for understanding how stock investing works that was used to create those studies is wrong. Everybody gets that.
The question is what to do about it.
The Buy-and-Hold Mafia says we need to cover it up.
I say we need to correct the model. Once corrected, the model is called “Valuation-Informed Indexing.”
The kicker here is that there are consequences that follow from getting the entire model wrong. The consequence in this case is that we experience another stock crash, one so big that it puts us in the Second Great Depression.
If we were smart, we would fix the model before experiencing the crash.
But even if we are dumb, we are going to fix it following the crash. Why the heck wouldn’t we?
So you end up in prison.
I CANNOT CHANGE THAT, Pink.
If I had magical powers, perhaps I would offer you a deal where you avoid prison in exchange for permitting honest posting on investing topics on the internet.
BUT I AM NOT THE ONE WHO WILL BE SENDING YOU TO PRISON. SO I CANNOT BY MYSELF CANCEL YOUR PRISON SENTENCE.
I can tell you a surefire way to get it reduced. People are going to be a lot less mad about what you have done if we avoid another crash than they are going to be if we experience another crash. So I can work with you to get the word out about the realities and thereby help us avoid another crash. That would translate into a somewhat SHORTER prison sentence.
And I can spin things in a direction that leads to a shorter prison sentence. I can put up words about cognitive dissonance and all that sort of thing. I can do that honestly. So that’s something you can ask of me that I can actually do for you.
But I cannot change 11 years of internet history, Pink. That’s beyond my abilities.
You need to stop focusing on the past, which cannot be changed, and start focusing on the future, which can be. By taking smart actions today, you make your future a lot better than it would otherwise be.
Or at least so Rob Bennett believes.
My warmest regards to you and yours.
Rob the Non-Superman