Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
You continuously comment on your “ work” and that you deserve to be paid $500 million for your work. Yet another example that you are not just reporting.
The work that I am referring to is journalism work. I don’t do investment advice work. I do journalism work. I bring things to light. I explain things to people. I expose crimes. Those are journalistic endeavors.
I haven’t been paid a penny for my work for over 18 years now. That is an exceedingly odd reality. Why have I been willing to stick at this so long without receiving compensation for my efforts? Because I see that the need for the work that I do is so great here. We don’t need peer-reviewed research showing that valuations affect long-term returns. We have had that for 39 years. We have thousands of people who would love to be telling people about the implications of Shiller’s amazing research and who are not doing so because they are afraid of the punishments that they would face for exposing the 39-year cover-up. We need to unleash those people. More amazing research is not going to get the job done. There’s only one thing that can get the job done — EXPOSURE of the cover-up. That’s journalism work. That’s what I do.
There will be thousands of people who will come after me who will do amazing work on the investing advice side and who will be compensated in the hundreds of thousands or in some cases perhaps in the millions for doing so. Good for them. But those people will not be doing what I am doing — exposing the cover-up so that all those people can feel free to do the good work that they want to do. It is the cover-up that has been holding back all that amazing work for 39 years now and it is journalism work to expose that cover-up. It is because exposure of the cover-up is of such huge importance that the work that I have done is worth well in exceed of $500 million. Exposure of the cover-up has to come first. It is exposure of the cover-up that permits all the amazing stuff to take place.
After the cover-up has been exposed and we have thousands of people writing about this stuff at every site on the internet, I intend to drop out of the discussions and permit people with more knowledge and experience than me to take over building up the Valuation-Informed Indexing concept. I will probably return to writing about effective saving strategies. Or I may do some work on career-building issues. I would like to write a third book called “The Self-Directed Life: When to Risk All You Have to WIn What You Might Love More.” I am not a guy naturally drawn to the examination of investing issues. I do the investing stuff because I found out about the cover-up (to my great shock and dismay) and I couldn’t see how someone who loves his country would not do everything in his power to help his country out when it found itself in such circumstances.
Does that help?
Rob
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