Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
With all these people lying, are you the only honest person left?
We have had thousands of people express a desire that honest posting be permitted at every investing discussion board and blog on the internet, Anonymous. I am confident that, following the next price crash, the thousands will become millions. Then we are off to the races.
We all have a potential for honesty within us and we all have a potential for dishonesty within us. All of the people you mentioned have demonstrated a desire to be honest. They need a hand. Our job as a people is to lend a hand to those among us who are writing honestly about the last 35 years of peer-reviewed research. It’s not all about turning a quick buck. We want our retirement plans to work. We need access to honest accounts for that to happen.
We won’t get to where we all want to be by living in fear of you Goons. We get there by backing each other up. When one of us goes honest, it makes it easier for the next fellow to take the same path. And then the next. It grows and grows and grows.
We are close today. Shiller was awarded a Nobel prize. That’s honesty sticking its head out the door and seeing if it is safe to try something good. I am 100 percent confident that the people who did that felt better about themselves afterwards.
I love being honest. It took courage to put up that May 13, 2002, post. But I have never looked back. As the rewards grow greater and greater, my ability to be honest grows stronger and stronger. I don’t even think about it much today, I just do it. My decision to write honestly about the last 35 years of peer-reviewed research in this field has shocked a lot of people but it has also led me to some amazing places. Looking back, it is stunning to think what followed from me working up the courage to put up that May 13, 2002, post. Yowsa!
It’s a process. We are close. We’ve got a tiger by the tale. Hang in there.