Set forth below is the text of a comment that I recently posted to another blog entry at this site:
They quoted Wade in this article:
Why didn’t they quote you? I thought you were the SWR expert.
They didn’t quote me because I am the person who discovered the errors in the Old School SWR studies, Anonymous. I put up the post pointing out those errors on the morning of May 13, 2002. The Wall Street Journal didn’t report on them until nearly 10 years later. So I am Enemy #1 for the Buy-and-Hold Mafia.
I am still telling the truth re these matters. The Buy-and-Hold Mafia has directed everything it has got against me and they haven’t stopped me. I think it’s fair to say that the 12-year cover-up will be exposed following the next price crash. Who will be in better shape then?
Wade may be in prison then. I am going to tell people about his great research. I am going to say that he merits the Nobel Prize for the work he did with me. But I also am going to tell people that he committed financial fraud because of the threats that were made to destroy his career.
Is he better off being quoted in all these places now and getting all these big job promotions now and going to prison then or would be be better off taking his story to the New York Times today and avoiding the years of financial fraud? I think he would have been better just playing it straight. I told him so. In one of my e-mails to him I told Wade that I thought he was “insane’ to get involved in any way, shape or form with you Goons.
Wade is a grown man and he took the path he took. I still love the guy. I always will. But I wouldn’t be willing to trade places with him today for all the money in the world.
My contributions have been recognized by thousands and thousands of people (including Wade Pfau, to be sure). People fear you Goons because you have the backing of Jack Bogle and others of the Wall Street Con Men, But the whole corrupt industry will be doing down when millions of middle-class people find out what has been done to them. I am not going down. I have never posted in “defense” of Mel Lindauer or John Greaney or Jack Bogle. I am clean, Anonymous. So I will be getting a lot more recognition following the next price crash, when you are sent to prison.
It’s obviously not the way I wanted to see things play out. But there is no one on Planet Earth who has done more to rein in you Goons. So I have whatever satisfaction comes from knowing that I have put my very best efforts into this. And I will of course continue to do so.
I hope that helps a bit, Anonymous.