Set forth below is the text of a comment that I recently put to the Goon Central board:
but all with RESPECT for all parties, as long as they are operating in good faith:
I showed a respect to Greaney and to all the Buy-and-Holders that you have never showed them Drip Guy.
I pointed out Greaney’s mistake because I believe that he wants to help people learn how to retire early. It naturally followed that he wants to correct any errors he has made in any retirement studies that he has posted to his web site.
You have demonstrated for 11 years now that you are working from a very, very different presumption re what Greaney is all about.
Greaney has behaved in ways that support your presumption. Still, I know the man better than you. Greaney has ALSO behaved in ways that support my belief that he is suffering from cognitive dissonance. He has behaved poorly. He has committed felonies. He will be going to prison for a long time. All that said, there is a part of him that set up that site because he wanted to help people learn how to retire early and that part of him to this day wants to do that.
The same is true of Jack Bogle.
The same is true of Bill Bernsteinzzz.
The same is true of Scott Burnszzz.
The same is true of Larry Swedroe.
Believe it or not, the same is true of Drip Guy.
This is the secret edge that I have held in these discussions going back the the first day, Drip Guy.
There are not two sides here. We are all on the same side. We all want the same things.
You ACT like you don’t. But you don’t fool me.
You ACT like you fool yourself. But that is never more than partly true.
There is a part of you that wants to learn how to invest effectively and that wants to help others learn how to invest effectively.
That part of you is drawn to learning about what the peer-reviewed academic research in this field really says about what works in stock investing.
And that part of you is also a part of millions of other middle-class investors.
That part is growing stronger in each and every one of us every day.
It will soon grow strong enough to overcome the part in many of us that would rather put forward death threats and demands for unjustified board bannings and tens of thousands of acts of defamation and threats to get academic researchers fired from their jobs rather than to say the words “I” and “Was” and “Wrong” even though admitting fallibility is an essential part of any learning process.
I win in the end, Drip Guy.
Or else we all lose.
I am happy to discuss the terms of our mutual victory this morning if you are up for it.
But I have zero interest in discussing the terms of our mutual defeat.
For obvious reasons.
Respect is indeed what it is all about. When you are feeling enough pain from the prospect of your prison sentence, a light switch will be flipped and you will start respecting yourself again. At that moment, all sorts of good things start happening for every Buy-and-Holder and for every Valuation-Informed Indexer, with not one exception.
Don’t let the bad guys get you down, man.