“Wade Pfau Spent 16 Months Researching the Merits of Valuation-Informed Indexing and Loving Every Minute of It and Expressing His Amazement That Hundreds of Researchers Had Not Looked Into It Long Before He Came Along and Bafflement That Anyone Could Ever Have Concluded That Buy-and-Hold Was Superior and Excitement About How He Would Be Able to Help Millions to Live Better Lives As Our Research Became Known Throughout the Investment Community. Then You Threatened to Destroy His Career If He Kept At It.”

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

Wade Pfau’s research concluded that you did not understand the Greaney issue. Wade Pfau’s research into your “missing step” concluded that you would not get the $500 million. Wade Pfau’s research concluded that you caused him considerable harm.

Because he was threatened.

Wade spent 16 months researching the merits of Valuation-Informed Indexing and loving every minute of it and expressing his amazement that hundreds of researchers had not looked into it long before he came along and bafflement that anyone could ever have concluded that Buy-and-Hold was superior and excitement about how he would be able to help millions to live better lives as our research became known throughout the investment community. Then you threatened to destroy his career if he kept at it. And he told me that he was scared of you and wrote a few words to make you happy disowning his wonderful work. Gee, I wonder what was going on there.

Extortion is a crime, Anonymous. It is a felony. This particular act of extortion did harm to millions of people. I think it would be fair to say that you will be spending time in a prison cell in the days following the next price crash. Not this boy, you know? I don’t want to spend time in a prison cell and I do not want to see people who used to be my friends doing so either. So I have done everything in my power for 18 years now to persuade you to walk a different path and to persuade others to try to persuade you to walk a different path. When you discover that the only way that you can defend your favorite investing strategy is to engage in criminal acts, it is time to go looking for a new favorite investing strategy.

My sincere take.

Rob