Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“Should Bernie Madoff have interpreted the popularity of his fund as evidence that he was doing good work?”
No. And neither should you interpret your UNpopularity as evidence that you are doing going work. But that’s exactly what you do.
“Everybody hates me, that means I’m on to something”, says every crank ever.
How many cranks have been awarded the Nobel prize in Economics?
And it’s not so much that I say that my unpopularity proves that I am doing important work. I say that your abusiveness shows that you have doubts as to whether Buy-and-Hold can prevail in civil and reasoned debate.
Shiller showed that it is investor emotions, not the economic realities, that determine stock prices. And what have we seen from you Goons for 16 years now? Insane levels of emotion. At a time when stock valuations are the most insane that they have ever been in history. THAT’S evidence that I am doing important work. If the Buy-and-Holders are not capable of keeping their cool, Buy-and-Hold needs to be challenged.
Rob
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