Set forth below is the text of a comment that I recently posted to another blog entry at this site:
I think he meant your behavior was overpowering which is a turnoff
I don’t think you are so terribly far off the mark with this, Laugh.
My stuff IS overpowering. I get that.
I am the person who discovered the errors in the Old School safe withdrawal rate studies. I have over 200 endorsements of my work in the slider at the top of every page of my site, some from the biggest names in the field. No other blogger has anything even close to that. I have 5 unique calculators, each of which changes our understanding of how stock investing works in a fundamental way. I am the co-author of the most important piece of research published in this field in the past 30 years, research that shows millions of middle-class investors how to reduce the risk of stock investing by 70 percent. I have 200 podcasts that explore the realities of stock investing from every possible angle. And on and on and on and on and on.
Now THAT’s overpowering.
The odd thing here is that J.D. (and lots of others, to be sure) sees something bad about that. Valuation-Informed Indexing is Jack Bogle’s dream come true. It is the first true research-based strategy. We are looking at good stuff piled on top of good stuff piled on top of good stuff. What the heck is the problem?
The problem is that J.D. has lots of blogger friends who have recommend Buy-and-Hold strategies. It makes those people look bad for millions of middle-class investors to learn what really works. That’s the problem here, Laugh. It’s a turf fight. In ordinary circumstances, J.D. would want to help his readers. But his friends in the blogging community will hate him if he tells the truth. So I have put him (and lots of others, to be sure) in a tough spot. That’s why in this particular case “overpowering” stuff has a negative side to it in the eyes of many. It’s a turf fight, nothing more and nothing less.
Say that we were all 100 percent cynical people and we didn’t give a darn for whether the lives of millions of people were destroyed or not, all we cared about was making a buck. Would I be a true friend to my Buy-and-Hold pals if I kept everything hushed up?
I would not.
The cover-up cannot continue much longer. The total losses from the Buy-and-Hold Crisis will end up being in excess of $20 trillion. No economic system can survive that big a loss. So we are all going down together if we don’t work up the courage to correct the mistakes that the Buy-and-Holders made. We are ALL winners from having those mistakes corrected.
The mistakes are going to be corrected whether the Buy-and-Holders like the idea or not. Given that the mistakes are going to be corrected, why not just correct them now, when the embarrassment factor for the Buy-and-Holders is a lot less than it will be following the next price crash? That sure sounds like a good idea to me.
The other way to look at it is to consider the opportunities that follow from opening the internet up to honest posting on investment-related topics. We are going to see hundreds of super-successful blogs once people feel safe posting honestly. We are going to see tens of thousands of helpful books published. We are going to see thousands of people establishing successful careers HELPING investors with honest, research-based advice rather than destroying their lives with more of the smelly Buy-and-Hold garbage.
How do you hold that back indefinitely, Laugh? You can’t. If you cannot hold it back indefinitely, you are better off just making the move to the research -based stuff now, before you do yourself more harm. If you’ve got to make the change, make it now, for heaven’s sake! It’s not going to get easier after you cause more human devastation.
The reason my stuff is so overpowering is that we don’t have thousands of people promoting true research-based strategies today. Is that my fault? There is only one way to get from where we are today to where we all want to be tomorrow. My stuff is shocking because people have been afraid to tell the truth and thereby alienate the people pushing Buy-and-Hold. Lift the ban on honest posting and you will have thousands of people promoting Valuation-Informed Indexing all over the internet. No more surprise! No more shock! No more “overpowering”!
The first guy who works up the courage to tell the truth about something as important as stock investing is going to be perceived as “overpowering,” Laugh. There’s no getting around it. You know what the answer is? We all should be working TOGETHER to tell people the truth about stock investing. YOU could build a business telling the truth about stock investing. J.D. could build a business telling the truth about stock investing. Jack Bogle could build a business telling the truth about stock investing. When we are all doing it, there will no longer be anything overpowering or odd or special about it. When everyone else in the investing advice field is aiming to give honest advice, I WILL NO LONGER STAND OUT.
My stuff is as overpowering as all get out. All I intend is for it to be honest. The reason why my stuff stands out so much is that just about everyone else in this field is AFRAID to give honest advice. How about we try holding back a bit on the death threats and the unjustified board bannings and the tens of thousands of acts of defamation and the threats to get academic researchers fired from their jobs? Then we will have thousands of people putting forward honest stuff and my stuff will not stand out so much and I will no longer be perceived as being so darn “overpowering.”
Does all that not make good sense?