Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“ I have convinced lots of people. Thousands of people.”
I think you have convinced yourself, but that is about it. If you tell yourself a lie long enough, eventually, you will believe it. None of us have anything to gain or lose regarding what you do or not do to secure your financial future. That gives us the luxury of not having a bias and give you honest feedback. If you look at any of the major financial boards, this is just common practice. You don’t see other people making wild claims of goons, prison and $500 million windfalls. Instead, it is routine questions, answers and general comments/observations. There aren’t mass conspiracies.
The fact that lots of people don’t talk about the criminal stuff illustrates the problem. The core idea on which Buy-and-Hold is built is that investors are 100 percent rational. If that were so, prices would be set properly and market timing really would not be required. Death threats are emotional. So are acts of extortion. When we don’t talk about that stuff, we make Buy-and-Hold look plausible. If we all talked about that stuff whenever we saw it, we could as a society get our emotions under control and we would’t have a CAPE value of 33 hanging over our heads.
It’s never the Valuation-Informed Indexers behaving this way, only the Buy-and-Holders. I wonder why.
Rob
“ The fact that lots of people don’t talk about the criminal stuff illustrates the problem.”
Plenty of people will talk about the criminal stuff if it actually happened and/ or evidence is provided. People are not interested in talking about things that are made up.
I pointed out the error in the Greaney retirement study (it lacks a valuation adjustment) on the morning of May 13, 2002, It has not been corrected to this day. Are reasonable people to believe that an error in a study that people used to plan their retirements remained uncorrected for over 20 years without any criminal behavior taking place in the background?
Not this boy, you know?
Rob
There was no error. But setting that aside, if you make an allegation of a death threat, the burden on you is to provide DIRECT proof. You haven’t. If there was proof, you would post a link so that you had credibility.
Is the burden on Greaney to offer direct proof that he included a valuation adjustment in his retirement study? Evidence-Based Investing is one of the generals in Greaney’s army of Goons. And even Evidence acknowledged in late 2021 that the Greaney study was in error. I wonder why.
Rob
No, Evidence said YOU made the error.
That makes sense, Anonymous. Greaney failed to include a valuation adjustment in his study and I made the error of pointing this out.
Rob