Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Yes, they all love you. They’re just too frightened to show it. ALL of them. 100% terrified of the Goons. This is just SO much more likely than any other possibility. Such as the ridiculous notion that they find you vacuous, narcissistic, irritating and/or just plain nuts.
Yes, that is the problem, Miasma.
There is of course a lot of misunderstanding as well. The vast majority of people who recommend Buy-and-Hold strategies (I think it may be ALL of them) BELIEVE that Buy-and-Hold can work. Many have doubts. But those with doubts generally believe that, even with its flaws, Buy-and-Hold is the most responsible option. They might not think it works perfectly but they sincerely believe that it works well enough.
Valuation-Informed Indexing is the new thing. There have been hundreds of BILLIONS of dollars directed to the promotion of Buy-and-Hold. Money magazine has promoted Buy-and-Hold strategies in every monthly issue going back to the mid-1970s. Many people are afraid of stocks. So it gives them comfort to go with a strategy that has been around for a long time and that has been endorsed by numerous experts. Buy-and-Hold is the safe choice in a field where safety is prized. Valuation-Informed Indexing is something new and different and strange. So it starts out at a big disadvantage.
But thousands and thousands of people have expressed a desire to learn more about the new strategy over the course of the past 12 years. Including some of the biggest names in the field. And, yes, you Goons have made them afraid to participate in the discussions they want to participate in, afraid to learn the things they want to learn, afraid to ask the questions they feel they need to ask to become more comfortable with the new strategy.
Fear won’t work anymore once the entire world knows about Valuation-Informed Indexing and about the trickery that you Buy-and-Hold Goons have employed to keep millions in the dark for 12 years now. There will come a day when your Goon tactics will become 100 percent ineffective. But that is not where things stand today. As of today, intimidation works because, as much as people want to learn about the new ideas, they are unsure of their own knowledge and don’t at all like the idea of being confronted with the brutal abusiveness that those posting in “defense” of Mel Linduaer and John Greaney have been employing for 12 years now.
All of us are terrified by the tactics that have been employed by you Goons. That’s why we have published rules prohibiting such tactics at every discussion board and blog. That’s why we have made your tactics felonies under the laws of the United States. We wouldn’t be sending people to prison for behaving as you Goons do if we didn’t believe as a society that the behavior that you have engaged in is very, very, very bad stuff.
Most of us do not today understand how stock investing works. Investing was not even studied in a systematic and serious way until the 1960s. And we didn’t as a society know it all at the time when Buy-and-Hold was being developed. So we got off on a wrong track and for 33 years now have needed to set things straight again. People have become more open to the research-based approach as Buy-and-Hold has caused more and more financial devastation. But, yes, our knowledge base is still not strong enough for the learning project to go forward in the face of your abusiveness.
We will overcome you. The people of the United States will learn what they need to learn and you Goons will be sent off to long prison terms. We will collectively work up the courage to take you on and to free ourselves as a society from the ignorance in which we have suffered for the past 33 years.
People who want to learn are afraid of you Goons and of the Wall Street Con Men who pretend that they see nothing wrong with your behavior. But as you destroy more and more middle-class lives, we will work up the courage to stand up to you and to transform Buy-and-Hold into what it was intended to be in its early days by removing the Get Rich Quick element of the first-draft version and offering people for the first time in history a true research-based investing strategy.
I wish you all good things, Miasma.