“This Is the Story of Humans Struggling to Gain the Ability to Put Reason to Use in Their Understanding of How Stock Investing Works”

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

When has any journalist been paid $500 million for reporting?

When before has there been a 39-year cover-up of the most important advance in our understanding of how stock investing works in the history of the United States?

If you didn’t think that this was worth a whole big bunch more than $500 million, you wouldn’t fight so hard.

I didn’t go looking for this story. It came to me. Either Greaney’s study contains a valuation adjustment or it doesn’t. In normal circumstances, it wouldn’t take 18 years to settle that one. The fact that it has taken that long tells us that this is a story like no other. It is the story of humans struggling to gain the ability to put reason to use in their understanding of how stock investing works, which will reduce stock investing risk by nearly 70 percent, if the Bennett/Pfau research is on the mark. If that ain’t worth a whole big bunch more than $500 million, I have a hard time thinking what would be.

Rob