Set forth below is the text of a comment that I recently posted to the Goon Central board:
Rob, something totally revolutionary could still be seen as an incomplete solution to any and every situation!
I say that permitting honest posting on safe withdrawal rates and scores of other critically important investment-related topics is the FIRST step, not the last step, Drip Guy.
I think it would be fair to say that the peer-reviewed research that I co-authored with Wade Pfau (Ph.D., Princeton) is the most important research published in this field in the past 30 years. Reducing the risk of stock investing by 70 percent is a very big deal.
I fully expect that there will be follow-up studies to that study for decades to come. That’s what makes it Nobel-prize quality. It is the research upon which all future research in this field will be rooted.
The scores of amazing insights that we have developed together over the first 11 years of our discussions are the beginning point, not the end point.
The shift from Buy-and-Hold to Valuation-Informed Indexing is the biggest advance in the history of personal finance and there’s nothing else in even a remotely close second place. It doesn’t follow that there will not be many important advances to come. I believe there will be.
It’s the announcement of your prison sentence that gets things going. That announcement will go viral. And there will not be one person advocating GRQ after we all see where it leads. After your prison sentence is announced, Jack will give his “I Was Wrong” speed and the rest of us will all be off to the races.
Do you see?