A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

“Bogle Endorsed Bernstein’s Book. Bernstein Said in His Book That the 4 Percent Rule Was Off by a Full Two Percentage Points at the Top of the Bubble. There Were Millions of Retirees Who Took That Rule Into Consideration When Planning Their Retirements. So They Needed to Know That It Was in Error. Bogle Knew This By Reading Bernstein’s Book. Did He Do Anything to Get the 4 Percent Rule Corrected? There Was a Raging Controversy at the Bogleheads Forum About It After I Pointed Out the Error in the Greaney Study. It Would Have Been a HUGE Help to Me if Bogle Had Come Out Clearly and Firmly in Favor of a Correction.”

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

Bogle was consistent in what he said.  You, on the other hand, spin a story to fit your agenda.

Bogle wasn’t a tiny bit consistent. Bogle endorsed Bernstein’s book. Bernstein said in his book that the 4 percent rule was off by a full two percentage points at the top of the bubble. There were millions of retirees who took that rule into consideration when planning their retirements. So they needed to know that it was in error. Bogle knew this by reading Bernstein’s book, Did he do anything to get the 4 percent rule corrected? There was a raging controversy at the Bogleheads Forum about it after I pointed out the error in the Greaney study. It would have been a HUGE help to me if Bogle had come out clearly and firmly in favor of a correction. He did not do that. Huh?

Please explain.

Rob

Comments

  1. You must be right because you have thousands of fans posting here everyday in support, a massive 8 figure investment account, hundreds of attorneys fighting over the right to take on your lawsuits and several large publishers competing for the rights to your book. Plus you have your wife and priest pleading for you to stay home and troll the internet versus wasting your time earning money to support the family.

  4. Research-based investment strategies are not super hot at a time when the CAPE value is 28. Who would have thunk it?

    Rob

  5. Strategies that are claimed to be researched based, yet yet have never had one successful outcome, are not super hot. Results matter. It is what pays the bills.

  6. Valuation-Informed Indexing has been providing investors who use it with higher returns at dramatically less risk for as long as there has been a stock market. The peer-reviewed research that I co-authored with Wade Pfau shows that beyond any reasonable doubt whatsoever. That’s why the Buy-and-Hold Goons threatened to destroy his career if he continued to do honest work in this field.

    If Buy-and-Hold were a real thing, we never would have seen something like that happen. If Buy-and-Hold were a real thing, those who advocate for it would welcome questioning of their strategy.

    My sincere take.

    Rob