Set forth below is the text of a comment that I recently posted to the discussion thread for one of my columns at the Value Walk site:
But of course, the real issue is this:
Why do you refuse to get a paying job to support your family? You still would have plenty of time to troll the internet when not working.
You would no longer feel the need to live in your make believe world if you had an income.
I obviously have sufficient income or I wouldn’t be here.
Lots of people would tell me that I should not respond to your posts. They obviously are not put forward with good intent. They are put forward as part of an intimidation campaign. People reading the back and forth who might be inclined to step forward themselves and speak up in support of Valuation-Informed Indexing see the sort of ugliness that you Goons bring to the table and instead self-censor themselves.
When those people don’t talk, the impression is left that pretty much the entire world believes in Buy-and-Hold. That’s not so. The vast majority believes in Buy-and-and-Hold. But my experience going back 15 years is that, in the days before you Goons make clear how far you will go with your intimidation campaigns, about 10 percent of the population of investors follows a Valuation-Informed Indexing strategy and about another 10 percent has sufficient interest in the concept that they express a desire to be able to ask questions about it (but then stop doing so once death threats and all this sort of thing are put forward by the Buy-and-Hold Goons)
That’s a total of 20 percent of the investing population that has an interest in these ideas. That’s millions of people. Businesses could be started serving those millions of people with solid research-based insights on how to invest effectively for the long term. Only you Goons stand in the way. The businesses won’t make money today because people remain afraid to ask their questions so long as you Goons pollute the discussions. But once the Goon problem is solved, businesses will be formed and then, when people see the money that there is to be made developing true research-based strategies, more businesses will be formed and more and more investors will come around to the new strategy.
We have to deal with the Goon problem. It is the only way to the other side. People hold back from doing so because it is all so nasty and so strange and because those promoting research-based strategies are very much in the minority today and so they get banned from sites and all this sort of thing. But there is just no other way to solve the problem. The good stuff is on the other side and the only way over the mountain is through it.
We all need to stick up for each other. 10 percent of the investing population is a lot of people. If we all stood up for each other, there’s not a thing that you Goons could do to us. I am the first person on the internet to make these points. It just turned out that I was the “lucky” one put in these circumstances. I have tried everything else that a reasonable person could possibly do and I have reached the sincere conclusion that this is the only way that as a society we can get to where we all deep in our hearts want to go.
I intend to always be charitable to you Goons. You really do follow Buy-and-Hold strategies and you really do believe on at least one level of consciousness that others should follow them too. You just cannot bear to hear those others exploring ideas that you do not support and the pain that this causes you makes you engage in behavior that has never been viewed as acceptable in civil society. Those of us who want things to get better need to be charitable to BOTH you Goons and to the millions of middle-class investors who want to know what really works in investing. We need to balance the competing concerns.
That’s my sincere take, Sammy. I naturally wish you all the best that this life has to offer a person.