Set forth below is the text of a comment that I recently posted to another blog entry at this site:
He told me that “there is nothing that I would like better” than to open up his blog to honest posting re the last 33 years of peer-reviewed research. He said that he hasn’t done it because he is “afraid” of what Mel Linduaer would do to him. He said that everyone he knows views Lindauer as “a massive jerk.”
Why the partial quotes? I suspect that the rest of the quotes would give a different impression from the on you are trying to give.
There are a lot of blog entries here dealing with Mike Piper.
He always hated being dishonest. But he feels that he has no choice. He feels that his blog will be destroyed if he permits honest posting.
That’s how lots of people feel. It’s very similar to the situation with Wade Pfau. He loved doing honest research. Be he didn’t want to see his career destroyed.
I think that a good case can be made that it’s the same basic story with Jack Bogle. Jack is the one who provided the honest information in his book that helped me come to understand that the Old School SWR studies were in error. He put that language in the book because he has a conscience. Yet he is the lead promotor of Buy-and-Hold. Beat that!
The impression that I am trying to create is that Mike Piper feels trapped by the lies that he and many others have told in the past. And that the same is so with Wade Pfau and Jack Bogle and thousands of others.
How do we all work ourselves out of the trap we have created for ourselves?
Do you have any constructive ideas, Evidence?