Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“I think I will go by what Wade Pfau says”
Me too. But unlike you, I will go by what Wade said LAST.
“The reality is that you are causing me 1000x more career damage than the Goons ever could have”
“stop harassing me all the time.”
“You’ve violated my trust in so many countless ways and yet you still proclaim to be my friend.”
“I was not intimidated by any alleged threats, and I wasn’t lying about it.”
“just the other day you were advocating that I be sent to jail.”
Going by what Wade said LAST, you’re a real asshole.
Unlike you, I will go by what Wade said LAST. Going by what Wade said LAST, you’re a real asshole.
I am going to continue to go by what Wade said during the 16 months in which he felt free to give voice to his honest beliefs. The stuff that he said after you Goons threatened to get him fired from his job if he continued doing honest work and after Bogle signaled that is okay with your use of those intimidation tactics, don’t count for much, in my assessment. If anything, they count against Buy-and-Hold. If the Buy-and-Holders believed that it would be possible to make a strong case for their strategy in civil and reasoned debate, they would go for it. They employ intimidation tactics because they are not able to come up with any other way of “defending” the strategy, given what the last 37 years of peer-reviewed research shows us all about how stock investing works in the real world.
Asshole (Not Really!) Rob
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