Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You don’t like anything that doesn’t fit with your fantasy. When you go 14 years without making a dime and the people get fed up enough that they have to ban you from almost every board, you would think that reality would step in. It seems you have gone to extreme lengths to avoid having to back to work, instead of spending your day playing out a fantasy on your computer keyboard.
The message is simple. Go get a job and support your family. Calling people goons doesn’t put food on the table.
14 years sounds like a lot of time when considered in isolation. The full reality here is that it is not that big a deal when the size of the advance in our understanding of how stock investing works is taken into consideration. Shiller’s “revolutionary” (that’s his word) findings have been for practical purposes ignored for 35 years now. The other and more positive way of looking at it is that we will all obtain access to 35 years of peer-reviewed insights in a single 24-hour time-period when we collectively work up the courage to call out the Buy-and-Holders on their b.s., Sammy.
It’s all in how you look at it. You look at the 14 years of Goon attacks and say “hey, we really taught that Rob Bennett fellow not to mess with Buy-and-Hold, huh?” I look at the same 14 years of abuse and observe that that abuse is what has kept lots of other smart and good people from walking the path that I have walked and thereby has left a mountain of high-dollar opportunities open to me.
I would never say that I am happy about the Goon stuff. I am not. I oppose it. But it’s an ill wind that carries no good in it. Going 14 years without making a dime has been a trial. I don’t say otherwise. But I am extremely proud of the work that I have done and honored to have been called to do it and grateful that I live in a country where I am certain to be very well compensated for it in the long term. That’s what counts in the end, no? It’s Jack Bogle that taught me to focus on the long term. I am 100 percent sure that the big guy got that one right.
But we’ll see, you know? We can watch together as it all plays out in real time. I naturally wish you all the best of luck with it.