“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 a Single Internet Site. It Goes Against the Grain of Human Nature to Do Something That Is Going to Piss Off so Many People.”

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

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