Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Why don’t you stop making up silly stories about criminal acts and try acting like a responsible adult for a change?
Extortion is a genuine criminal act, Anonymous.
Financial Fraud is a genuine criminal act.
Threats of physical violence are genuine criminal acts.
Greaney had not committed any criminal acts as of the morning of May 13, 2002. He had gotten an important number wrong in a retirement study posted at his web site, that’s all. Had all of the people who called themselves his friends told him to knock off the funny business when they saw his abusive stuff, it never would have turned criminal and he wouldn’t be in the spot that he is in today. Neither would you. I asked Motley Fool to help out. Motley Fool wanted the money that came in from Greany’s promotion of a pure Get Rich Quick/Buy-and-Hold approach to stock investing. So Motley Fool didn’t help out either.
Your gripe is with Motley Fool and with all the people who didn’t call Greaney out on his b.s. when he first advanced it. I did call him out. So you have no gripe with me.
The reason why this situation has gotten so out of control is because we all like the Pretend Money that results from letting stock prices get insanely high. It’s never going to change for so long as we focus solely on being popular and not at all on being honest. I think there’s a place for honesty in this field. So I am taking a bet on the honest, research-based approach (Valuation-Informed Indexing).
We are all in the same boat. We all want the same things. We all need to know how to invest effectively for the long run. The answer is not for me to become dishonest, like you. The answer is for you to take a step in my direction and to try to at least be honest enough not to commit actual felonies.
That’s my sincere take, Anonymous. I care about you. So I am not going to sell you out like Greaney’s friends sold him out and like Motley Fool sold him out. It’s not in me. That’s not what I am about.
I wish you all good things.
Silly Stories Rob
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