Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
That’s it? Really?
That’s it, Anonymous.
You make light of it because you are a Goon and that’s the Goon thing to do. I am as far on the other side of the spectrum of possibilites that a person could be. I believe that the question of when we will decide as a nation of people to open every internet site to honest posting re the last 42 years of peer-reviewed research in this field is the most important public policy question before our nation today. The work that I have done has been very, very difficult. But I also believe that it is very, very important. However difficult it is, I need to keep at it until it pays off for each and every one of us.
Say that each time someone says “there might be an alternate universe where market timing is not 100 percent required for every investor, you never know” $10,000 worth of wealth is destroyed. And say that each time someone says “it would make sense to permit honest posting re the peer-reviewed research at every site” $10,000 of wealth is created. Consider how many times that first statement has been made and you can see why we are likely to lose trillions and trillions in the next Buy-and-Hold Crisis. And consider how many times the latter statement will be made once every site has been opened to honest posting and you can see why we are likely to see the greatest surge of economic growth in our nation’s history once we make it together to the other side of The Big Black Mountain erected by our Wall Street Con Men friends.
We all need access to honest, accurate, research-based investment advice. We don’t need that quite as badly as we need oxygen or water. But we need it badly. Our lives will be better in countless ways once we come to love ourselves enough to permit ourselves to discuss the far-reaching how-to implications of Shiller’s amazing research findings at every internet site.
That’s my sincere take re these matters, in any event.
Rob
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