A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

“You Are Basically Calling J.D. Roth a Liar”

by

Set forth below is the text of a comment that I recently put to another blog entry at this site:

You are basically calling JD Roth a liar.

That’s so.

And that’s a big problem for me.

I like J.D. a lot. He has extended kindnesses to me on a number of occasions.

But, yes, he was dishonest in his dealings with me and in his dealings with his readership when he pretended that he “didn’t understand” why it was wrong for you Goons to employ death threats to cover up the errors made in the Greaney retirement study.

J.D. Roth has been dishonest on a matter that has caused millions of middle-class Americans to suffer failed retirements. It could well be that J.D. Roth will be one of those going to prison following the next crash.

Can I say something to make J.D. sound slightly less bad?

I can.

J.D. feared that you Goons would destroy his blog if he was honest. He had good reason to be afraid. He had witnessed your ruthlessnesss. He had seen Big Shots like Jack Bogle and Bill Bernstein and Larry Swedroe and Rick Ferri fail to do anything when you advanced death threats and demands for board bannings and tens of thousands of acts of defamation and threats to get academic researchers fired from their jobs.

When I am called to testify and asked whether J.D. engaged in dishonesty, I will of course answer that he did. When I am asked whether I can think of any extenuating circumstances, I will of course explain that he had good reason to believe that his means of making a living would be destroyed if he were to say what he honestly believed.

I will do the same re Wade Pfau.

I will do the same re Jack Bogle.

I will do the same re Mel Lindauer.

I will do the same re John Greaney.

I will NOT engage in felonies myself. I am NOT INTERESTED in going to prison myself.

I believe that my testimony reporting on the extenuating circumstances may help get your prison term reduced a bit, Mr. Rational. But my words count for zero once I agree to commit felonies myself. So the very worst thing that I could do FROM YOUR PERSPECTIVE is to agree to post dishonestly re the numbers that millions of middle-class people use to plan their retirements.

Are you starting to develop a better understanding why I have been so unyielding on this point for 11 years now?

Personal integrity matters.

Really.

Yes, even in the field of investing analysis.

Yes, even in the Buy-and-Hold Era.

I hope that you enjoy much happiness and prosperity in years to come, my long-time abusive posting friend.

Rob

Comments

  1. Another day of Rob repeating the same lies over and over again.

    YYYYYYAAAAAAAWWWWWWWNNNNNNNN

    Hey Rob, wake me up when you have some new material.

  3. JD sounds like one miserable fella, so I checked out his blog. The current entry is a long post about FinCon, the things he learned, the many people he talked to. He didn’t mention you, but perhaps he wanted to keep that conversation private. Anyway, 112 comments.

    His non-finance blog has photos from his recent three week vacation to Ecuador and the Galapagos Islands.

    You aren’t fooling anyone JD, you despicable liar! Yeah, live it up now, because soon you will rot in prison.

  4. I would never say it the way you say it, X.

    But I certainly stand by the things about J.D. that I HAVE said — both the positive stuff and the negative stuff.

    My take is that J.D. is a good guy. But, like all the humans, flawed.

    Rob

  5. After seeing how you treated those who did try to befriend you — J.D. and Wade, in particular, is it any wonder no one wants to be associated with you, even by commenting here?

  6. J.D. and Wade have both been good friends. I can certainly give you that one, Anonymous.

    And I have certainly been a good friend to both J.D. and Wade.

    I think our other friend Jack needs to give that speech!

    Quick-like!

    Rob

  7. is it any wonder no one wants to be associated with you, even by commenting here?

    Telling the truth about stock investing is a dangerous business. That much is certainly fair to say.

    But it’s like anything else. You get used to it after a bit and then it’s just another thing.

    Rob

  9. I don’t know, Sensible.

    Wade has supported the 11-year cover-up of the errors in the Old School SWR Studies.

    That’s financial fraud. Financial fraud is a felony. That’s a potential prison sentence.

    Wade also was the first big name in this field to demand corrections in the errors in those studies. He obviously WANTED to tell the truth and wanted to see others tell the truth. He supported the cover-up under duress. You Goons threatened to destroy his career. He has two small children to support. He saw that a number of big names (Jack Bogle, Bill Bernstein, Larry Swedroe, Rick Ferri) were not willing to come clean and help him out. He knew how ruthless you Goons are from years of seeing you attack others who have worked up the courage to post honestly.

    I will testify honestly on both the good and the bad re my good friend Wade.

    I don’t decide who goes to prison. A jury determines that. That’s how our system works. As you of course already know.

    I will always be Wade’s friend. I will always do anything I can to help him out (short of committing a felony myself, to be sure).

    We’ll see how it all turns out for you and for Wade and for me and for lots of others after the next price crash.

    My best wishes to you and yours.

    Rob

  11. The felony is covering up the errors in the Old School safe withdrawal rate studies.

    The studies should have been corrected within 24 hours of the day (May 13, 2002) when the errors in them became public knowledge.

    It is not me you are in conflict with when you commit a felony, Sensible. It is the laws of the United States of America.

    I want no part of it.

    Find someone else.

    Rob