Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
The Trinity study should never have passed peer review. ”
Who says it was ever peer reviewed? If your answer is anything more specific than “everyone knows it was peer reviewed”, I’ll be utterly astonished.
Anyway, they were too conservative. The actual father of the 4% SWR, Bill Bengen, now says the SWR is 4.5%:http://www.aaii.com/journal/article/insights-on-using-the-withdrawal-rule-from-its-creator
So Greaney and the Trinity guys are villains for saying 4%. Never seen you say anything about Bengen’s 4.5%. Just another example of what it’s like to be Rob.
Thanks for providing the link, Anonymous.
Do you actually believe that the SWR is 4.5 percent or are you just being argumentative?
I believe that the SWR is a number that varies with valuations, that it can drop as low as 1.6 percent or rise as high as 9.0 percent. Is that okay by you?
If it is okay by you that Bengen says it is higher than 4 percent, is it okay by you that I say that it is sometimes a lot lower than 4 percent and sometimes a lot higher than 4 percent? Or is everyone who suggests that it might be something other than what Greaney says it is truly a villain in your eyes?
I don’t think that Bengen is a villain for saying that it is 4.5 percent and I don’t think that Greaney is a villain for saying that it is 4 percent and I don’t think that I am a villain for saying that it is sometimes 1.6 percent and sometimes 9 percent. But I do think that Greaney is wrong to engage in criminally abusive behavior to stomp out the discussions that thousands of our fellow community members have indicated that they would like to have re the 36 years of peer-reviewed research showing that it is sometimes 1.6 percent and sometimes 9.0 percent. I consider Greaney a friend and I don’t like to see my friends going to prison. So I worked up the courage on the morning of May 13, 2002, to let him know that I thought he had wandered onto a very, very, very negative and self-destructive and other-destructive path. Good for me, right? Or do you not agree?
My best wishes to you, old friend.