Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“my job is one of the most important jobs in the United States, perhaps the biggest of all.”
Does anyone else, including your wife, agree with that statement?
I am going to add a little bit to that response.
The click experiences come at different times for different people. I have had more click experiences because I have been working it so hard and for so long. It’s not reasonable to expect everyone who was exposed to the discussion to have had the same number of click experiences. If the discussions continued, more and more would have those click experiences over time. But it takes a good bit of time for some insights to hit and different sorts of insights hit at different times for different people.
This is why it is so critical that fully honest posting be permitted at every site. I didn’t know Wade Pfau when this started. So, if I had not soldiered on through a good number of years of abuse before meeting him, I would have missed out on all of his insights. And so would the rest of the world because Wade never would have looked into these questions if he hadn’t learned about my work at the Bogleheads Forum.
Learning new things is a process of discovery. And you just never know what sort of person is going to say things in just the right way to cause a click experience for you. Say that Wade had been awarded a Nobel prize for the research that he co-authored with me a number of years back. Other academic researchers would have noticed that and that would have caused them to develop an interest in exploring new angles of the Valuation-Informed Indexing concept. So today we would all be benefiting not only from Shiller’s insights and from my insights and from Wade’s insights but also from the insights of these other academic researchers who we cannot even name today because we elected to shut down honest posting all across the internet.
There is HUGE leverage in opening every site to honest posting. The thing grows and grows and grows as more people get involved trying to further develop the concept. That’s a big part of what makes my work so important. It is not just that I will be able to spread the word re the hundreds of powerful insights that I have developed over the past 15 years. It is that we will be getting hundreds and hundreds of other smart people involved and those people too will be generating hundreds of powerful insights and thereby helping us all out.
Your abusive posting is like a dam that has been holding up the flood of knowledge of how stock investing works for 15 years now. I am trying to knock a hole in that damn. Once we knock a hole in the dam, we are going to see all kinds of wonderful stuff that we cannot even imagine today. Life is just going to keep getting better and better and better for all of us for many years into the future.
This is our system. This is how freedom works for all of us. This is what the United States is all about — progress for all through the exercise of freedom. This is why I love my country.
Deep in your hearts, I feel confident that you Goons have some affinity for the freedom concept and the progress concept and the research concept although you of course will vehemently deny that this is the case in the safe-withdrawal-rate realm. I believe that you will change your tune following the crash, when the appeal of the pure Get Rich Quick approach will quickly evaporate into thin air.