Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Wade told you to move on three years ago. You simply can’t. Ever. That’s messed up.
Why the heck would I ever want to move on, Stag? Are you joking?
I write about personal finance. The shift from Buy-and-Hold to Valuation-Informed Indexing is the biggest advance ever achieved in the history of personal finance. It is bigger than all earlier advances all added together. And I am going to consider moving on before the dream is realized? Huh? Wha?
ALL of the research supports this. It is a 100 percent vs. 0 percent proposition. Robert Shiller has been awarded a freakin’ Nobel Prize for his work. And yet thousands of investing analysts and academic researchers remain to this day too afraid of what the Buy-and-Holders will do to them to be willing to direct their energies to exploring the implications of the peer-reviewed research that Shiller published 34 YEARS AGO. All of those people are free to do honest and good work on the day you Goons go to prison. And I am supposed to consider moving on? Really? That’s a question you feel a need to ask?
That’s the size of the settlement check that I get on the day this matter is resolved. And you are thinking that I might consider moving on before cashing that check? Are you freakin’ nuts? If the tables were turned, would you be willing to walk away from a check for $500 million, Stag? No, I didn’t think so.
When I get that check, I am going to use some of the money to reform the internet. I think it would be fair to say that not one of us wants to see something like this happen ever, ever, ever, ever again. When we tell this story to the American people, we are going to have 100 percent support for making reforms in how the internet is run to make it the most powerful communications medium in history. I’m a journalist. But I care so little about achieving those reforms that I am going to give consideration to moving on at some point! Um — That makes sense, Stag! I believe you! Truly outstanding!!!!
What are you putting in your tea, Stag?
No more economic crises. That’s our reward for opening the internet up to honest posting on the last 34 years of peer-reviewed research. Am I supposed to not care, in your assessment?
A 70 percent reduction in stock investing risk. Another reward available to us all in 24 hours if we use those 24 hours to insure enforcement of posting rules ALREADY IN EFFECT AT EVERY BOARD AND BLOG ON THE INTERNET. It makes sense to walk away from that for no reason whatsoever. No, really. I am serious! It makes sense somehow!
All middle-class Americans get to retire five to ten years earlier than they ever imagined possible back in the unfortunate days when we were still missing the final piece of the investing puzzle. If I were to struggle 50 years and thereby become able to help everyone on the planet retire five to ten MONTHS earlier, I would be on the cover of Time magazine as “Man of the Year.” The only “problem” I have is that I showed them how to do it five to ten YEARS earlier and it makes the Buy-and-Holders feel bad that this is so wonderful that it makes them look bad for not coming up with it themselves. So I should consider moving on. Why not? Nothing important going on here, right?
My Buy-and-Hold friends!
I love Jack Bogle. He’s taught me more about this subject than anyone else alive with the exception of Robert Shiller. I have a chance to pay him back by taking all the good work he has done and making it workable in the real world and I am going to piss that away because — because why, Stag? Why again is it that I should want to piss this all away? I keep forgetting.
All of the researchers who want to do good and honest work. All of the economists who want to do good and honest work. All of the bloggers who want to do good and honest work. All of the journalists who want to do good and honest work. All of the policymakers who want to do good and honest work. I should consider betraying all those people. Why? John Greaney got an important number wrong in a retirement study posted at his web site and he really, really, really doesn’t want to acknowledge the error. It follows that I should betray those people. Goons come first!
I don’t think so, Stag.
Some of the questions we face in life are kinda hard. Some of them are easy. I think it would be fair to say that the question of whether I should move on re this one is one of the easiest questions that any human who has ever walked the Valley of Tears has ever had to face.
My best wishes.