Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“I earned the $500 million, Anonymous.”
Who says you earned this? I think I have earned $2 Billion for my work. Does that mean I will see it?
I have the laws of the United States on my side. That tells me something.
I have seen thousands of my fellow community members say that the debate that I launched was the most important debate that we ever saw on our boards. That tells me something.
I have my name on the most important piece of peer-reviewed research published in the past 30 years. That tells me something.
I had a fellow who was universally recognized as the smartest numbers guy in our community decide to devote eight years of his life to exploring the implications of my ideas knowing that he would not receive a penny of compensation in return. That tells me something.
I have had investing advisors call me on the phone and talk to me for hours because they want to learn more about Valuation-Informed Indexing and how it can help their clients. That tells me something.
I have had several college professors include links to material posted at my web site as part of the required reading for their courses because they felt that the material was so important and could not be found elsewhere. That tells me something.
I have had you Goons reduced to making use of death threats and demands for unjustified board bannings and tens of thousands of acts of defamation and threats to get academic researchers fired for the “crime” of doing honest work. That tells me something.
I have had many of my fellow bloggers come up to me at Financial Blogger Conference events and tell me that they find great merit in my ideas and that they hope that the day will come when the entire blogging community can talk them over in a civil and reasoned way without you Goons around. That tells me something.
I have seen Robert Shiller awarded a Nobel prize for his “revolutionary” (his word) research findings.
I saw the economic crisis that was predicted in a book published by Shiller in March 2000 come to pass and destroy millions of middle-class lives and even undermine the confidence of many on both the left and the right in the political system that permitted this to take place. That tells me something.
Everything that I have seen since the morning of May 13, 2002, tells me that we did the right thing as a society when we elected to make financial fraud a felony, a crime punishable by a prison sentence. Nothing that I have seen cuts the other way. So, yes, I have come to the conclusion that we got that one right and that we are going to see reasonable (and I hope charitable) enforcement of our laws in the days following the next price crash, when as a society we come to realize that the harm done by Get Rich Quick schemes that is so evident in the long run is often hidden from most of us in the short term.
I have earned $500 million and a lot more from my work of the past 15 years, Anonymous. It is very, very, very important work. I am humbled to have been handed the assignment that I have been handed. I will do everything in my power to carry out the assignment in a way that works best for every single person involved. And that’s that. I will solider on with love in my heart for you Goons but also with love in my heart for the millions of middle-class investors whose lives you are in the process of destroying with your nasty and ugly, and, yes, criminal abusiveness. The motto that I call to mind with every post I advance is to be as honest as possible without crossing the line and becoming uncharitable while also being as charitable as possible without crossing the ling and becoming dishonest. I hope that works for you.
If it doesn’t, it doesn’t. I don’t have it in my powers to make you happy about it. I need to accept that reality whether I like the idea or not.
I wish you all good things. If that helps, I can deliver that much.