Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Other than a few critics, everyone avoids and / or ignores you, yet you don’t want to accept the realities of why this is the case. Instead, you try and cope with a fake story line.
I don’t want to be ignored and I don’t want any of the others (about 10 percent of the population) who believe that the last 38 years of peer-reviewed research in the investment advice field is legitimate research to be ignored. I think that we have something important to add to the discussion that benefits Valuation-Informed Indexers and Buy-and-Holders alike. I view powerful learning experiences as one of the few true free lunches available in this world and I love free lunches! And I care about all of the investors who are hurt when the laws of the United States are violated in an effort to keep people in ignorance re the far-reaching implications of Shiller’s research findings.
I am a Valuation-Informed Indexer, not a Buy-and-Holder. I want to see Valuation-Informed Indexing grow in influence at a much more rapid pace. That won’t happen until Valuation-Informed Indexers adopt a policy of calling Buy-and-Holders out when they engage in criminal or abusive acts to suppress discussion of the new research. If I am going to ask others to speak out, I need to speak out myself.
There’s nothing fake about the story line. The very fact that we have laws against this stuff shows that as a society we view it as bad stuff. I think we are right to do so!
There’s no valuation adjustment in Greaney’s retirement study! There’s no valuation adjustment in Greaney’s retirement study! There’s no valuation adjustment in Greaney’s retirement study! My sincere take.
Many people will react differently to a showing that there’s no valuation adjustment in Greaney’s retirement study in the days following the next price crash than they do today. That’s just human nature. You Goons show that you see that by the fact that you post here. If you were not worried about going to prison, you would just go on with your lives. You’ve said that you’re going to do that on several occasions, but you never stick to it. I wonder why.
Anyway, I see no valuation adjustment in Greaney’s study. And I think that people who are considering making use of the study to plan their retirement need to know that and to reflect on what it means for the likelihood that their retirement plan will be successful. I view a failed retirement as a serious life setback. Shiller is not a Buy-and-Holder. He wouldn’t have been awarded a Nobel prize if he were saying the same things that lots of others have been saying for over 50 years now.
There have been many people who did NOT avoid me or ignore me. There have been thousands of people who have expressed a desire that I be permitted to post at every discussion board and blog on the internet and to not be subjected to intimidation tactics when I do so There have been hundreds who have responded to my stuff with helpful comments and observations and questions that have helped me and many others to learn important things. And there have been a few who have worked with my to develop the Valuation-Informed Indexing concept in -ways that I believe will change the world in important and life-affirming ways. I view the peer-reviewed research that I co-authored with Wade Pfau as the most important research published in this field in 30 years. I added more value to this world with the 16 months that I spent working with Wade on that research than I did with any other project that I have worked on in my lifetime. I am exceedingly proud of it. And Wade never would have sent me an e-mail asking me to work on that research with him had I not worked up the courage to stand up to Greaney seven years earlier. Doing the right thing in the face of relentless abuse can have a big payoff somewhere down the line.
I’m a learner and a teacher, Anonymous. That’s the deal. Maybe God made me a learner and a teacher (that’s what I think), maybe it was Evolution, maybe it was just the Fates. Whatever it was, that’s the way the cards came down. There are no other learning and teaching opportunities with 1/500th of the potential of this one available today in this world. So I think that I am just going to continue riding this wave and seeing where it takes me. It has taken me to some awful places in the past 17 years. I’ll give you that one. It has also taken me to some amazing, wonderful places, places that I couldn’t have dreamed up in the days before I advanced that famous post from the morning of May 13, 2002. My assessment is that the good stuff that we have seen is going to end up having 500 times the influence of all of your nasty, abusive garbage. Just a funny hunch I have experienced from time to time, you know?
We’ll see. Learn! Teach! Grow! Read the Research! All of It!
My best wishes to you, Anonymous.
Avoided and Ignored Rob
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