“What Does It Say About This Field of Human Endeavor That the Error in the Greaney Retirement Study Has Not Been Corrected in 20 Years? It Says That the Investment Advice field Is Today Corrupt in a Fundamental and Pervasive Way. If You Can’t Get the Numbers in Studies That People Use to Plan Their Retirements Right, What the Heck Can You Do? That’s Basic.”

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 think that the work that I am doing is the most important work being done today in the United States and I believe that I will be compensated accordingly in the days following the next Buy-and-Hold Crisis.”

There are millions of people that think they will win the lottery this weekend and that they will never have to worry about money ever again. Their odds of winning are less than getting struck by lightning. Your odds of getting a windfall are even less than the lottery players. You can continue to live out your fantasy, but don’t expect everyone else to play along. You ex-wife sure didn’t buy it. You have spent the last 2 decades telling everyone to “see how it all plays out”. Well, we waited and it turned out to be a disaster for you, just like we all predicted.

It’s not a windfall if it turns out that I was right in what I said in my famous post from the morning of May 13, 2002, that the retirement study posted at John Greaney’s web site lacks an adjustment for the valuation level that applies on the day the retirement begins. People use retirement studies to plan retirements. When a retirement study gets the numbers wildly wrong, it needs to be promptly corrected or else lots of people will be hurt in very serious ways.

What does it say about this field of human endeavor that the error in the Greaney retirement study has not been corrected in 20 years? It says that the investment advice field is today corrupt in a fundamental and pervasive way. If you can’t get the numbers in studies that people use to plan their retirements right, what the heck can you do? That’s basic. The people who work in the field are not generally corrupt. We have seen over and over again that most of the people who work in this field want to do honest work, they want to help people just as do most people who work in all other fields of human endeavor. But it is not reasonable to expect people to be willing to experience death threats aimed at their loved ones as the price to be paid for citing what the last 41 years of peer-reviewed research teaches us all about how stock investing works in the real world. So it is an important piece of business to get every site opened to honest posting re the last 41 years of peer-reviewed research.

I think the American people are going to pull it off. I think you Goons are going down. But we’ll see, you know. I am not God. I could be wrong. It has been known to happen.

In naturally wish you all the best that this life has to offer a person regardless of what investment atrategy you elect to follow, in any event.

Rob