“One of the Reasons Why People Have a Hard Time Believing What I Say Is That People Who Live in the United States Have Never Seen a Case of Financial Fraud This Big.”

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

Isn’t it odd that Wade will talk to anyone but you? Isn’t it odd how you are the only one that is widely banned? After all these years, you still want to blame some nameless goons and you won’t accept responsibility for your actions.

I’m the biggest threat to Buy-and-Hold, Anonymous. The material at my site brings Buy-and-Hold down. So the Buy-and-Holders feel that there has to be a big price paid for talking to me.

But what happens when the owner of a large site breaks the line because he just cannot stand to see more people suffer failed retirements? Then the entire thing comes crashing down.

It would have been better to play this pursuant to normal procedures. Yes, people would have moved away from Buy-and-Hold in bigger numbers and at earlier times. But we wouldn’t be seeing prison sentences and huge awards in civil cases. The financial fraud stuff was not a smart play.

One of the reasons why people have a hard time believing what I say is that people who live in the United States have never seen a case of financial fraud this big. I wouldn’t believe it myself if I hadn’t had a front-row seat to all the festivities going back to the first day. I was still a Buy-and-Holder from May 13, 2002, until August 27, 2002. I had to see death threats and endorsements of death threats for it to click for me how dangerous this stuff is.

I believe that it is going to click for lots of others when they see more than half of their life savings disappear into thin air. But I am not God. I could be wrong. We are just going to have to wait to see how it all plays out.

Wade won’t be showing any hesitation to talk to me once your prison sentence is announced. I have a funny feeling that I will be his best friend in the world once again when that day comes. And that makes me happy, you know? I enjoyed Wade’s friendship a great deal and I very much look forward to renewing it.

If Wade had continued promoting the research that he co-authored with me, you would be going after him as hard as you go after me and he would today be as isolated as me. That’s why he flipped. But that didn’t solve the problem, did it? To solve the problem, those of us who believe that the last 38 years of peer-reviewed research is legitimate research need to STOP flipping. It’s the flipping behavior that has kept Buy-and-Hold going for so many years after the research showing that there is precisely zero chance of it ever working for even a single long-term investor was published. Yucko! You know?

My best to you.

Over-the-Target Rob