“It’s Better to Get the Numbers in a Retirement Study Right Than to Get Them Wrong.”

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

Accept responsibility for your own failures. Stop blaming everything and everyone else.

Do I have a responsibility to post honestly re whether the Greaney study contains a valuation adjustment?

I think I do, Anonymous. I didn’t honor that responsibility for three years. Starting on May 13, 2002, I did. And I have stuck with that.

It wasn’t a failure to work up the courage to do the right thing. If you want to say that it was a failure when I lacked the courage to do the right thing, I can go along with that. But I cannot go along with the idea that it was some sort of failure to do the right thing.

I can have compassion for the pressures that people face that cause them not to do the right thing. But I cannot say that it is right to leave a retirement study uncorrected for 18 years. Please remember that I have been saying that Greaney should correct the study going back to the early days. I have been trying to help him all along.

We all need to recognize that it’s better to get the numbers in a retirement study right than to get them wrong. That’s the way out.That’s what is best for every single person involved in this matter.

Rob