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 have confirmed what I said. You are unemployed and haven’t earned any money. The book is worthless until it is monetized. As you have also admitted, you made less on investments by staying out of stocks. The rest is just your spin.
That is the core as to why you have no followers. You need a successful track record.
Okay, Anonymous.
I believe that the next price crash will be a turning point in the history of the United States. If stocks continue to perform in the future anything at all as they always have in the past, we are going to see millions of lives destroyed. But people are going to see that ocean of human misery and it is going to give them the courage they need to stand up to you Goons and argue in support of my idea of permitting honest posting at every discussion board and blog on the internet, without a single exception. Once the possibility of honest posting on the peer-reviewed research opens up, things just get better and better and better for every one of us.
Have I paid a temporary price for my unwillingness to post dishonestly re the error in the Greaney study (it lacks and adjustment for the valuation level that applies on the day the retirement begins)? Obviously. I have paid a price. But how many people get an opportunity to play a role in saving their country from a horrible economic crisis and in then teaching millions of people how stock investing works in the real world? I am blessed, Anonymous. That’s the bottom line. So I am just going to give it my best shot and continue to respond to you Goons with compassion and with love and see where that takes us all. I believe that we are a good country. So I believe that we are all going to pull together and take this to a very good place.
My best and warmest wishes to you and yours.
Rob
“ I believe that the next price crash will be a turning point in the history of the United States.”
After 2 decades in which nothing turned out like you said it was, this seems to be a foolish comment. Look at the recent column by Shiller. It is totally opposite of what you say. You are in your 60’s. It is too late.
I don’t agree, Anonymous.
I agree that the Shiller comments are significant. I offered some observations about them in a recent comment here and I intend to write a column at Value Walk about them.
I do not agree with everything that Shiller said in that recent article. But he did not take back his claim that irrational exuberance is a real thing, If irrational exuberance is a real thing, that changes everything that we once believed about how stock investing works. If irrational exuberance is a real thing, then the market is not efficient and market timing always works and is always required for investors who hope to keep their risk profile constant over time. That’s a big deal. It’s huge.
I believe that we need to open every discussion board and blog to honest posting re the last 39 years of peer-reviewed research in this field, without a single exception. I am personally not even able to imagine any possible downside.
My best wishes to you.
Rob