Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Would you be surprised to know that your ex-wife gives a different story ?
I have a funny feelng that I possess a much better understanding of what she thinks about these matters than you do, Anonymous. It was her infant who was being threatened when I had to tell her that you Goons said that you would be paying visits to our house because I had “crossed” you by pointing out the error in the Greaney study. That shouldn’t have happened. None of this should have happened. The proper response by Greaney when I pointed out the error in his retirement study (it lacks a valuation adjustment!) was for him to correct the study. Problem solved!
Then we would have all spent the last 20 years mining powerful insights on the realities of stock investing on top of other powerful insights on the realities of stock investing. We would not have a CAPE value of 30 hanging over our heads. We would all be living fuller and better and richer lives.
Rob
Get a job and stop making stuff up. Problem solved!!!!
Yeah, yeah.
Rob
This is the path that millions of American’s take. Why is that not good for you?
My concern is that I sincerely believe 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.
Our first 21 years of discussions show that 10 percent of investors believe that Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns is legitimate research. That’s millions of people. If those millions had all insisted on their right to post honestly at every site going back to 1981, we obviously would not have a CAPE value of 30 today. So we have as a nation of people put ourselves at grave risk of enduring another Buy-and-Hold Crisis because we have not had the courage to stand up to the Buy-and-Hold Goon Squads. Not good, right?
I have asked others to work up the courage to post honestly. I come across as pretty darn hypocritical if I don’t do it myself, no? I think that I should do myself what I implore others to do.
Getting the numbers right in retirement studies is important. My sincere take.
Rob
You have certain beliefs and others have their beliefs. So what. It has nothing to do with getting a job. Why should things be any different for you versus every other American.
I’m the only person who advanced a post on the morning of May 13, 2002, that pointed out the error in the Greaney retirement study (it lacks an adjustment for the valuation level that applies on the day the retirement begins) and then saw the cover-up that followed for the next 21 years. Any decent person who saw what I saw would be doing the same thing that I am doing. I just happened to be the lucky one that the universe selected for the job!
Rob
The fact that you allege there is an error and nobody else agrees has nothing to do with getting a job. Normal and responsible American’s get a job and provide for themselves and family members so that they are not a burden. This is even more critical when the overall topic is providing for a successful retirement as well. Why should it be different for you?
Thousands of people agree, Anonymous, including a number of the biggest names in the field. We need to begin applying the same laws that apply in every other field of human endeavor other than the investing advice field in the investment advice field as well so that people will feel comfortable posting honestly re what the last 42 years of peer-reviewed research is trying to teach us all. I think that’s the answer. I know it is!
It’s different for me because I have seen the entire story up close and personal for 21 years running now. I can tell the story better than anyone else. And it is very important to everyone who lives in the United States that this story be told clearly and completely and fairly. I intend to give it my best shot.
I hope that works for you.
Rob
No one agrees with you, but it really has nothing to do with you not getting a job. Why is it that everyone else is responsible for bringing in an income to support before and after retirement, but you don’t think that it applies to you? Why should you not have to get a job?
I’ve got the most important job in the United States today, Anonymous. My job is to open every site to honest posting re the last 42 years of peer-reviewed research, without a single exception. Executing that job successfully will permit everyone to live a fuller and richer and more fulfilled life than he or she imagined possible back in the Buy-and-Hold/Get Rich Quick days. We all need to move forward and we need to get every site opened to honest posting re the peer-reviewed research to make it happen.
My sincere take.
Rob