Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Yes, I agree. People should end the hate and stop calling people goons and telling them they are going to prison. That is smelly rotten garbage.
It’s not, Anonymous.
The sooner we get the word out about Valuation-Informed Indexing, the shorter your prison sentence will be.
We cannot go back in time. So eliminating your prison sentence altogether is not in the cards.
But it is the millions of middle-class people whose lives you have destroyed who will be demanding that prosecutors bring cases against you Goons. And it is 12 of the people whose lives you have destroyed who will be sitting on your jury. Do you not see that helping those people out helps you out too? The more we help those people out, the less angry they will be. The less angry they are, the shorter your prison sentence. Does that not follow?
If we don’t open the internet to honest posting, we will be seeing a price crash of 65 percent within the next two years. If we DO permit honest posting, it will become impossible for the P/E10 value to drop below 15 (the fair-value level). That means that the price crash will be less damaging and we will not go into the Second Great Depression. Do you not see how that helps you?
You have one big card to play — the fact that we are the luckiest generation of investors ever to walk Planet Earth. You should be playing that card. You can’t play it without coming clean. So I think you should be coming clean. Perhaps I shouldn’t be giving strategy tips to Goons. But I think of you as a friend. And that’s my sincere take re this one.
I want to focus on the substantive stuff. That’s what people care about. That’s where the real action is. They key to getting to the substantive stuff is getting your prison sentences announced. Once your prison sentence is announced, there won’t be one person advocating the smelly Buy-and-Hold garbage. So we will all be freed to post honestly re the last 33 years of peer-reviewed research. Do you see?
I am your best friend in the world. You don’t see it today, but that’s so. I am going to try to argue that you have been suffering from cognitive dissonance. That’s your best defense. There is tons of material at this site supporting that claim. So I am better positioned to help you out of your jam than anyone else alive on Planet Earth today.
If I agree to commit financial fraud myself, that hurts my credibility. That means that you lose out on the help that I can provide you. Huh? That makes sense from your standpoint how exactly?
You may have seen the story in the Washington Post today showing that the woman who claimed rape at UVA was lying about a lot of the claims she made. Stories like that travel fast on the internet. Say that we really do experience a 65 percent crash sometime over the next two years. And say that lots of people get angry about the losses they have experienced when they are too old to make the money back. And then say that a big paper like the New York Times runs a story about what you did to Wade Pfau.
How many web sites do you think will pick up that story? How many links do you think there will be to my site then? How much credibility do you think Jack Bogle will have then? How many lawyers do you think will be setting up shop to spend the rest of their lives bringing legal actions on behalf of the millions of people whose lives you have destroyed?
Guess who will still be speaking up on your behalf on that day? Old Farmer Hocus will be. No one else.
But how much effect will my words have at that time? I’ll do what I can do. But I will not be able to do then even a small percentage of what I can do today. People will be too angry to listen to my words in defense of you. Do you see how this works? To win people’s sympathies, you have to come clean BEFORE the next crash. I am sure.
I don’t tell the truth about these matters solely because I want to see your prison sentence reduced. I want to bring the economic crisis to an end. I don’t want to see us fall into the Second Great Depression. I want to get that $500 million check into my grubby hands and take my family on a trip to DisneyWorld. There are lots of reasons. But ONE of my reasons for telling the truth is that it helps you Goons, whom I have always thought of as friends and whom I have always treated as friends.
The hand of kindness is outstretched, Anonymous. I am open to anything that does not involve me committing a felony under the laws of the United States. I won’t post dishonestly on the numbers my friends use to plan their retirements. Not in 12 years. Not in 12 billion years. For obvious reasons. Outside of that crazy insane idea, I am open to pretty much anything you can name.
I hope that all makes good sense to you.
I naturally wish you all the best in your future life endeavors regardless of what investing strategies you elect to pursue.