Set forth below is the text of a comment that I recently posted to another blog entry at this site:
You do that Rob. I can see how it feels better to live in a dream world where you’re about save civilization from itself rather than face the reality of being an aging, unemployed dude sitting forgotten in your basement surfing the net all day.
Your $500M payday is coming, Rob. It’s right around the corner! Keep checking that mailbox. Fingers crossed.
Every important advance in the history of humankind was led by PEOPLE doing the right thing, Anonymous. There is no other way it can be done.
I have had thousands of people respond to my work with insanely kind comments. I am grateful to each and every one of them. We all should be grateful to every one of them. Not every one of them has been brave enough to speak up in opposition to you Goons. People don’t like having the lives of their family members threatened by the sorts of individuals who have put up posts in “defense” of Mel Linduaer and John Greaney. But they helped out by putting up kind posts. And we should all acknowledge that.
I have sent e-mails to the 30,000 names on the Social Science Research Network list. I heard many kind comments from those researchers and academics as well. Many wanted to know how they can help. I told them that they can help by letting their friends know about the 12-year cover-up and about the great amount of human misery caused by you Goons and by the Wall Street Con Men who either encouraged you or failed to speak out in opposition to you. Neither you Goons nor the Wall Street Con Men possess any power over us except what we grant to you by our cowardice in the face of your brutal intimidation tactics. We all should be grateful for the kindness and intelligence evidenced by all those fine people as well.
And we should all be grateful for the wonderful work done by the Buy-and-Hold Pioneers. Many Buy-and-Holders have behaved shamefully in recent years. But we wouldn’t have learned how to reduce the risk of stock investing by 70 percent had the Buy-and-Hold Pioneers not first done the fine work that they contributed in earlier days. So I certainly intend to be sure that they get all the credit they merit while also of course insisting that they acknowledge the mistake that they made that has brought on the greatest economic crisis in U.S. history.
You Goons live in hate. I obviously get that. But I believe that there is a part of you deep inside that at some point in your life wanted to do good for others. I believe that it is your shame over your behavior over the past 12 years that holds you back from coming clean today. And, while I of course wish that you would come clean before you do more damage, I think that the shame you feel does point to some measure of good that remains alive within you. I hope that that measure of good grows stronger with time. I believe that it will following the next price crash, when you will no longer be able to deny how much damage the pure Get Rich Quick approach has done to so many human lives.
Yes, I will keep looking for the $500 million settlement payment. As I have noted before, I don’t believe that I will need to file papers to collect that payment. I believe that my good friend Jack Bogle will take care of it when he sees the harm he has done by failing to take action on the Lindauer matter. If he doesn’t, he is not the man that I have long believed him to be. If I must file papers to get the money, I will file papers. But my personal belief is that that is not even going to be necessary.
I’m grateful that I was offered this opportunity “to save civilization from itself.” Few of us are ever offered such an opportunity and I certainly had no expectation that my May 13, 2002, post was going to lead us all to such a wonderful place. Except I think it would be more honest to say that I am permitting civilization to save itself rather than helping to save it from itself. I didn’t develop all the genuine breakthrough insights in the Buy-and-Hold concept that really have stood the test of time. And I didn’t publish the 1981 research showing the need for a correction of the foolish (we now see this!) “idea” that stocks are the only thing available for sale in this world re which we are not required to exercise price discipline.
I stood up to you Goons and demanded that the magical Learning Experience proceed despite the great pain you experienced while we all went further and further and further ahead in our understanding of how stocks work in the real world. But I obviously couldn’t have done any of it without the help of thousands of other fine and kind and smart and hard-working and generous people. Even you Goons came forward with points that turned into helpful RobCasts on one or two occasions!
Hate dies out in time. It creates nothing. It is a purely destructive force.
Love is where its at. Love heals. Yes, even in the investing advice field!
Love can take the worst economic crisis in U.S. history and turn it in to something good.John Walter Russell once told us that we were going to see good things happen as a result of our efforts to get the Old School SWR studies corrected that we could not even imagine on the morning of May 13, 2002. I think it would be fair to say that John has been proven right 20 times over. He possessed an intelligence that is only ever evidenced by those who feel a deep love in their hearts. I think it would be fair to say that the day when we all will be following John’s injunction to have big bunches of fun draws closer and closer!
Hang in there, my bruised and battered (by your own hate-filled impulses!) friend. It gets better. A lot better.