“My Aim Is to Set Up a New Version of Every Investing Discussion Board and Blog on the Internet. A New, HONEST Version, One That Permits Discussion of the Last 39 Years of Peer-Reviewed Research in This Field.”

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

Why don’t you start up your own version of the Bogleheads forum for your own followers instead of expecting other people to change for you?

My aim is to set up a new version of every investing discussion board and blog on the internet, Anonymous. A new, HONEST version, one that permits discussion of the last 39 years of peer-reviewed research in this field. Why should I limit myself to one site when I can have every site? Doing it that way benefits every last one of us. We all need to know how best to invest our retirement money. The more sites we have permitting honest posting, the more we all will be able to learn.

And I have never asked anyone to change for me. If there are people who believe in Buy-and-Hold, I ask them to post in support of Buy-and-Hold, That’s not changing. If they engage in criminal acts, I ask them to knock it off. But they had to agree to follow U.S. law when they first signed up at whatever board they are at — the published rules of all the boards require that. That’s not really changing either, it is doing something that they promised to do at an earlier time.

And all that should have happened on the day in 1981 when Shiller published his Nobel-prize-winning research showing that there is precisely zero chance that a pure Get Rich Quick/Buy-and-Hold strategy could ever work for a single long-term investor. Once honest posting is permitted (and encouraged!) at every site, all of our problems are over. We will all be learning new things every day. Stock investing will be far less risky and far more profitable. Out economic system will operate fare more smoothly. We will all be living better and richer lives from that point forward. I can live with that!

Shiller’s research helps us all. New knowledge is always a plus, It is not even possible for the rational human mind to imagine any exceptions.

That’s my sincere take re these terribly important matters, in any event.

Rob