Set forth below is the text of a comment that I recently posted to another blog entry at this site:
“I observe certain lines when posting at his site, to a large extent in deference to him and to the difficult situation in which he finds himself (and in which we all find ourselves). I limit my comments to the content issues.”
So you have the ability to restrain yourself to the topic at hand. If you exercised such restraint more often then you wouldn’t be banned as much.
You are of course correct that I wouldn’t be banned as much, Evidence. That’s OBVIOUSLY true. That’s why the vast majority of people who have grave doubts about Buy-and-Hold are so careful about how they express those doubts. That’s why they do so in such roundabout ways that most of their readers don’t even catch on that they have doubts. That’s why we are in an economic crisis today.
Shiller didn’t publish peer-reviewed research showing that there is precisely zero chance that a Buy-and-Hold strategy can ever work for even a single long-term investor last week. He published it 34 years ago. How long do you think we should all wait until we begin directing our mental energies to examining the IMPLICATIONS of his “revolutionary” (Shiller’s words) findings?
I cannot do my work if I cannot post honestly, Evidence. Neither can Wade Pfau. Neither can Jack Bogle. Neither can Robert Shiller. Neither can Mike Piper. Neither any anyone else.
We ALL need to win recognition of our right to post honestly. When I win recognition of that right for Rob Bennett, I am winning recognition of that right for everyone on this planet. Winning recognition of that right for everyone on this planet will be the biggest advance in personal finance in the history of our nation. There is no other advance that we have ever achieved that even comes close. That’s why I will be receiving the check for $500 million.
I want to talk about content issues. 100 percent. Everyone else wants that too.
But I want to talk HONESTLY about content issues. And that part is 100 percent non-negotiable.
What I am doing in demanding recognition of everyone’s right to post honestly is as important as what Shiller did in posting his revolutionary (Shiller’s word) research. Shiller got us where we need to go intellectually. I am getting us where we need to go in the practical realm. Shiller did amazing work. But millions of investors are completely in the dark re the implications of his amazing work. That needs to change. It is because we have not explored the implications of Shiller’s amazing work for 34 years now that we are in the worst economic crisis in the history of our nation.
I wish that somebody had done this before I came on the scene. If someone had done this before I came on the scene, it never would have entered Greaney’s head that it would be okay to threaten to kill my wife and children as my penalty for having dared to “cross” him by posting honestly on safe withdrawal rates.
EVERYONE should be posting honestly. And EVERYONE should be giving full recognition to everyone else’s right to post hones;y. There should be zero controversy re this point.
There is controversy because those who have engaged in criminal acts don’t want to go to prison.
I am fine with doing what I can to shorten those prison sentences a bit. But if I agree to commit financial fraud myself, I thereby INCREASE the length of all those prison sentences while earning a prison sentence of my own.
Um — no thanks.
I would be grateful if you would try to find somebody else.
No can do
I can’t go for that.
Not this boy.
It’s not my particular cup of tea.
Going to prison is not high on my bucket list.
Call me madcap.