Comments for A Rich Life

Comment on Rob Bennett to Wade Pfau: “It is 100 Percent Wrong That People Posting at Bogleheads Feel Intimdated re Posting My Name…. By Using My Name, You Help Others Get Over Their Feelings of Intimidation” by Rob

Rob — Fri, 18 May 2012 15:49:56 +0000

Thanks for those kind words, Stetson.

I hope we hear from you again.

You might want to check out the “About” section of the site, which describes the 10-year saga that has helped me mine and develop the insights advanced here:

http://arichlife.passionsaving.com/about/

Please take care.

Rob

Comment on Rob Bennett to Wade Pfau: “It is 100 Percent Wrong That People Posting at Bogleheads Feel Intimdated re Posting My Name…. By Using My Name, You Help Others Get Over Their Feelings of Intimidation” by Stetson

Stetson — Fri, 18 May 2012 15:38:13 +0000

Ah, your blog is a breath of fresh air. Folks like those over at Bogleheads seem to rely on empiricism to the extent that looking backward at stock markets over a select number of years is solid evidence to them of what is to come in the coming years. This is a dangerous assumption indeed. There may be an efficient market somewhere in the ether but it does not exist in stock markets that human beings can invest in.

Comment on “Unless Taylor Larimore [Co-Author of the Book The Bogleheads Guide to Investing) Has Had Some Secret Discussions With Bogle That No One Knows About, He Is Mischaracterizing Bogle’s Position.” by Rob

Rob — Thu, 17 May 2012 15:08:12 +0000

I absolutely think that’s the case, Arty.

People are able to dismiss views different from their own when they are advanced by people who have little in common with them. They don’t take such people seriously. So they don’t perceive a threat in the different viewpoint.

Buy-and-Holders feel threatened by Valuation-Informed Indexers because we agree on so much that it is not possible for them to dismiss us as crazy people.

Some have been known to take a good shot at it all the same, however!

Rob

Comment on “Unless Taylor Larimore [Co-Author of the Book The Bogleheads Guide to Investing) Has Had Some Secret Discussions With Bogle That No One Knows About, He Is Mischaracterizing Bogle’s Position.” by arty

arty — Thu, 17 May 2012 14:23:53 +0000

There are many places of agreement shared by the various “passive” camps (low costs, wide diversification, the role of emotions in investing, etc.) and at least one huge disagreement you have highlighted—valuations—and the times to be NOT passive. (By “passive” here, I mean those who don’t use active funds or individual stock-picking.)

I wonder if the place of disagreement between the relevant camps is made more stark because of the other major places of agreement.

Comment on Wade Pfau: “Bennett Desperately Wants Someone Besides Him to Say That the Trinity Study Needs to Be Corrected, But I’ve Explained That This Isn’t How Research Works” by Rob

Rob — Thu, 17 May 2012 13:41:43 +0000

Are you going return to publishing the old emails between you and Wade?

Yes.

Rob

Comment on Wade Pfau: “Bennett Desperately Wants Someone Besides Him to Say That the Trinity Study Needs to Be Corrected, But I’ve Explained That This Isn’t How Research Works” by Rob

Rob — Thu, 17 May 2012 13:40:52 +0000

Wade seems to understand the difference between reporting the past and estimating the future.

Thanks for sharing your thoughts, Evidence.

Rob

Comment on “Unless Taylor Larimore [Co-Author of the Book The Bogleheads Guide to Investing) Has Had Some Secret Discussions With Bogle That No One Knows About, He Is Mischaracterizing Bogle’s Position.” by Rob

Rob — Thu, 17 May 2012 13:38:43 +0000

guys like Bogle and Swedroe and Shiller would likely agree on the potential primacy of emotions in investing.

That makes me feel better.

Kinda, sorta.

Rob

Comment on Wade Pfau: “Bennett Desperately Wants Someone Besides Him to Say That the Trinity Study Needs to Be Corrected, But I’ve Explained That This Isn’t How Research Works” by Diversified Investor

Diversified Investor — Thu, 17 May 2012 13:14:08 +0000

Are you going return to publishing the old emails between you and Wade? I would like to see exactly where the relationship went bad and when you accused him of goonish behavior.

Comment on Wade Pfau: “Bennett Desperately Wants Someone Besides Him to Say That the Trinity Study Needs to Be Corrected, But I’ve Explained That This Isn’t How Research Works” by Evidence Based Investing

Evidence Based Investing — Thu, 17 May 2012 12:49:52 +0000

Wade seems to understand the difference between reporting the past and estimating the future.

Comment on “Unless Taylor Larimore [Co-Author of the Book The Bogleheads Guide to Investing) Has Had Some Secret Discussions With Bogle That No One Knows About, He Is Mischaracterizing Bogle’s Position.” by arty

arty — Thu, 17 May 2012 12:18:00 +0000

Rob: You ARE outnumbered, even here! But that is often what happens when arguing against a popular view.

In this case, however, you are in more popular company, as guys like Bogle and Swedroe and Shiller would likely agree on the potential primacy of emotions in investing.