Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Since you ignored the question, obviously your book is nowhere near completion, and you will miss yet another self-imposed deadline.
That book would be done by now if you had put in just five minutes of serious work every day. Clearly any amount of serious work on anything is too much to expect from you.
I’ll probably miss the June 30 self-imposed deadline. But I put in work on the book every day, And it is going to be an amazing book. I believe that it will be the most important book ever published in the field of personal finance. I certainly wish that it had been finished years sooner. But I am extremely proud of what I have accomplished and will be even more proud when it is finished.
The delay is because of the social isolation. It is an extremely painful experience. No one else has written this book. Why do you think that is? Shiller’s Nobel prize-winning research has been publicly available for 41 years and no one (including Shiller himself) has written a full exploration of the far-reaching implications of his Nobel-prize-winning work. Even you Goons have acknowledged that nowhere in his book does Shiller start in clear and direct terms that the Buy-and-Hold retirement studies need to be corrected immediately. Huh? What the f?
This was a hard book to write. Very, very, very, hard. That slowed me down. But it did not stop me. I am not at the finish line. But I am very close. The fact that it was so hard to write makes it that much more important that someone do the job. And in a short amount of time I will be able to say that I pulled that off. Good for me, you know? It’s certainly not something that as a young man I had any realistic expectation of being able to pull off. Life sometimes takes funny turns on you.
My best wishes.
Rob
I guess you must be right since you have that $500 million check in your hand, all the goons are locked up in jail and you new book is at the top of sales charts.
Hard to argue.
Rob
It’s almost Labor Day. Is the book done?
It’s not. I’ll say something when it is.
Rob
You are not really serious about writing a book. If you were, you would have completed it a long time ago.
I’m serious.
It’s a very, very, very hard book to write. It’s not an intellectually difficult project. It’s difficult from an emotional standpoint. In the event that irrational exuberance is a real thing, the stock market is today overpriced by many trillions of dollars. Nearly half of the value of the stock market is imaginary. As the imaginary value disappears into the mist (it always does), we will be seeing millions of failed retirements, hundreds of thousands of business failues (because people can no longer afford to purchase the same amount of products and services) and millions of people losing their jobs (because of the business failures).
Each and every one of us will know on some level of consciousness that we contribited to the ocean of human misery that inevitably follows from a time-period when the Buy-and-Hold “strategy” becomes popular. So most of us very, very, very much do not want anyone talking about the realities of stock investing at even single internet site. Write a book that does a good job describing the realities and you are going to have a lot of your fellow humans more than a little upset with you.
If we are all going to further develop our understanding of this important subject, someone is going to have to write that book. As more people come to understand the realities, it will become easier and easier to make the case for research-based strategies. And we will all live better lives as a result. But it’s not an easy thing to do. It goes against the grain of human nature to do something that is going to piss off so many people.
That’s why we have not seen a book exploring the how-to implications of Shiller’s Nobel-prize-winning research during the first 41 years followeing the publication of it. Even Shiller himself has elected to not talk about the all-important how-to implications.
I don’t want to see more human misery. So I am forcing myself to getting it all down on paper. I am not quite done. But I am grtting close. I am serious about this project and I will compete the book. Unless I get hit by a truck sometime within the next few months.
Please don’t tell Mel Limdauer or John Greaney. I don’t want to put any funny ideas into their heads.
My best and warmest wishes to you and yours, Anonymous.
Rob