Set forth below is the text of a comment that I recently put to the Goon Central board:
And it’s very important to those new folks clicking on your site for the first time imagining it might be a place where they could learn something about the S&P 500 Index market timing scheme you’re trying to peddle to watch you rehash all those old comments. At least it won’t take them long to realize they’re wasting their time if they thought the Plop would be a source of how one could actually use Lucky Seven.
Following the next price crash, you and your Goon pals will be going to prison for a long time, Yip.At that time, people won’t be going to one particular web site to learn what the peer-reviewed academic research of the past 32 years says about stock investing. Every blog and discussion board on the internet will permit honest posting at that time. We will all be Learning Together.
My site will have many years of Post Archives reporting on the Goon phenomenon, which is the Get Rich Quick phenomenon. Buy-and-Hold has so far caused four economic crises. I think it would be fair to say that there is not one person alive on Planet Earth who wants to see it cause a fifth. We all need to understand our own goonishness on a deep level if we are to become effective long-term investors and make stock investing an essentially risk-free endeavor in the real world. The archives available at my site will help all of us in that day.If you want to learn how to invest effectively for the long term, you need to be willing to face Your Inner Goon. There is no other way, Yip.There are lots of people who don’t want to hear about goonishness. I get that loud and clear. Saying that you don’t want to hear about goonishness is the equivalent of saying you don’t want to hear about how to reduce the risk of stock investing by 70 percent. Take you Goons out of the equation and we are not in an economic crisis today. Take you Goons out of the equation and we are enjoying the greatest period of economic growth ever seen in U.S. history today.
My site teaches people what we need to do to end the economic crisis and to bring us to the greatest period of economic growth ever seen in U.S. history. I report on the behavior of you Goons extensively. No apologies whatsoever. That’s the job.
You are right that there are lots of people who don’t want to hear about you Goons today. It’s too ugly a subject for them. They feel complicit and ashamed. I get that loud and clear.
If we decide as a society that we want our economic system to survive, we will need to deal with you Goons.
If we decide as a society that we are not willing to do what it takes to save our economic system, then that’s the decision we make and there is nothing that I can do about it. At least I will have the small consolation of knowing that I gave it my very best shot. That ain’t much. But it’s a notch better than zero.
I will continue posting honestly on the numbers that my friends use to plan their retirements in any event.
I naturally wish you the best of luck in all your future life endeavors.