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:
You say the same thing about everyone else. What is more likely? Is everyone lying or is Rob Bennett delusional? I have think we all know the answer to that question.
It’s not just me, Sammy. Thousands of our fellow community members have asked that you Goons dial it back and permit honest posting. I have had numerous university professors contact me and tell me that they are now including stuff that they learned from me in their courses. I have had investment advisors call me and talk to me for hours about how they can help their clients with Valuation-Informed Indexing insights. I have had site owners who banned me from their sites tell me that they personally believe that I have the best investing site on the internet and that my work has great value. I had a academic researcher who learned about me by reading my stuff on the internet contact me and tell me that he would like to do research with me; our work was published in a peer-reviewed journal.
These sorts of things don’t happen when there is nothing there. There is something very important going on here.
We have a turf fight on our hands. All of the evidence points toward Valuation-Informed Indexing. But the Buy-and-Holders are already making a living pushing Buy-and-Hold and cannot bear the thought of acknowledging that they have been getting it wrong all these years. So we are facing a stiff head wind at this moment in time.
The stuff head wind stops following the next price crash. We will then have millions of middle-class investors whose lives will have been destroyed. They are going to be looking for answers. We have them. Those of us who follow the peer-reviewed research in this field have known what really works for 36 years now.
It is all going to come out. Shiller was awarded a Nobel prize. Lots of good and smart people understand that he did something very important. Those people are going to work up the courage to speak out following the next price crash. Why wouldn’t they? Nobody is going to want to hear the phrase “Buy-and-Hold” following the next price crash. It will be considered an obscene phrase at that time.
The good news here is 50 times more good than the bad news here is bad. The last 36 years of peer-reviewed research is the most important 36 years of peer-reviewed research in the history of investing analysis. We are very close. We are on the one-yard line. All we need today is a little push to give us courage to get through the abusive stuff and the sense of urgency brought on by the next price crash will provide us with the little push we need.
You and I will be working together then, Sammy. And Bogle and Shiller will be working together too. We all will be working together. That’s how it should have been all along. We all need to know how to invest effectively. Soon that’s how it will be going down in the real world and not just in my dreams.
Patience, grasshopper! You need to have a little faith in people, my good friend.