Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Here’s an article about the race-baiting of Jackie Robinson by the manager of the Philadelphia Phillies, Anonymous:
http://articles.philly.com/2013-04-08/news/38348704_1_jackie-robinson-phillies-baseball-world
Please note the part where the article reports how the commissioner of baseball eventually worked up the courage to warn the Phillies manager to knock off the funny business.
That’s what will happen here.
People may be slow to act at times. But most people have good in them. Most people are not 100 percent Goons. I mean, come on. We would not still be here if a large percentage of the population engaged in the sort of behavior that we see on a daily basis from the sorts of individuals who have put up posts in “defense” of Mel Linduaer and John Greaney.
This is a process that we are working through as a society. We all (except you Goons, to be sure!) want to see things eventually move in a positive direction.
My best wishes to you and yours.
Rob
Anonymous says
Here is a nice article that supports buy, hold and rebalance:
http://www.usatoday.com/story/money/personalfinance/2015/05/16/despite-tumult-key-stock-market-tenets-stand-test-time/27270353/
I guess that article is telling Rob to “knock it off” when he makes up stories about buy, hold and rebalance.
Rob says
Yes and no.
The article is endorsing Buy-and-Hold.
But I don’t see where it is saying to harass those who endorse Valuation-Informed Indexing.
If we open the entire internet to honest posting by both Buy-and-Holders and Valuation-Informed Indexers, this guy may well come around in time.
The first step is to put you Goons in prison. The rest of us can get along just fine.
Rob
Anonymous says
But I don’t see where it is saying to harass those who endorse Valuation-Informed Indexing.
Oh we don’t harass them, Rob. We simply ban them from the discussion! True in any social setting where a member can’t behave normally.
Rob says
There will come a day when committing financial fraud will no longer be viewed as “normal” in this field, Anonymous.
Then we will rebuild.
I have a funny feeling that no one will ever go back to Buy-and-Hold after that day.
But I am not God. I don’t know everything. We will have to wait a bit to see how it all turns out.
My best wishes to you.
Rob
Anonymous says
Get back to us when someone is actually charged with fraud. Until then, it is just your opinion that is not shared by anyone else in the financial community.
Rob says
Jack Bogle has known about the massive act of financial fraud for a long time, Anonymous. He wouldn’t permit his name to be used at a discussion board controlled by you Goons if he were not personally engaged in the cover-up.
The material at this site documents the 13-year cover-up and shows that THOUSANDS of people in this field are involved in it. It will all come out following the next price crash. You won’t need me to tell you about it. You will be reading about it in all the newspapers and indeed you will be living it when the police come to your door to put you on trial and then to escort you to your prison cell.
I naturally wish you all the best that this life has to offer a person.
Rob
Anonymous says
“Jack Bogle has known about the massive act of financial fraud for a long time, Anonymous. ”
Again, it is just you saying this. There is not one single person, other than you, saying this.
Like I said, get back to us when there are actual charges. We can sit around all day and just say whatever we want to say. It doesn’t make it true unless it has any substantive action.
Rob says
I pointed out the error in the retirement study posted to John Greaney’s site on the morning of May 13, 2002, Anonymous.
The study has not been corrected to this day.
What does that tell us?
There has never in the history of the United States been a case backed with more evidence. All nicely time-stamped for the convenience of the prosecutors and the jury.
Following a 65 percent price crash, we will go in a short amount of time from having not one person other than me saying this to having not one person “defending” Buy-and-Hold. Guess the name of one person who will most definitely NOT be going to prison but who will instead be receiving a settlement payment of $500 million and taking over control of the Bogleheads Forum. Yes, that one makes me very happy and proud and yet in a way humbled by the responsibility too.
Hang on to your hat, my Goon friend. It’s going to be a bumpy ride!
Rob