Set forth below is the text of a comment that I posted recently to another blog entry at this site:
Jack is not a spring chicken anymore.
I respect and admire and love Jack. I rank him second on my all-time list of the best investment advisors. There obviously would be no Valuation-Informed Indexing had Jack not first built the foundation for it. It would be a thrill to work with him getting things back on track. And I very much want him to see his ideas brought to fruition. So I hope he lives long enough to see that.
If he doesn’t, maybe he will see it from heaven, you know? John Walter Russell once said that he thought these things would work out better than any of us could imagine. I detected the ring of truth to what he said. So I think we may see some twists and turns that none of us are anticipating today.
I will always consider myself a Boglehead. I will always value Jack’s many important contributions. All of that is already written in the book and so there is nothing that can happen from this point forward to change it.
If he dies before he gets to see all the wonderful stuff play out, that would make me sad. But my thought is is that, when things like that happen, there is some reason that we are not able to comprehend immediately. Maybe we figure it out a few years down the line. Maybe we figure it out when we get to the other side
How it plays out is out of my control. I try to focus on doing the right thing for Jack and for all my other Buy-and-Hold friends and for my Valuation-Informed Indexing friends and for the millions of middle-class investors and leave it at that. If I do my part, I have to believe that things will end up in a good place.
I think that Jack has made some horrible mistakes. But I also believe that there is a part of him that very much wants to do the right thing and I believe that we will see that part of him before he dies. I cannot guaranty it. But it is my belief (certainly my hope!) that we will hear some important words from him before he dies. We’ll see.