A Rich Life

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

Buy-and-Hold Goon to Rob: “Every Site Needs to Be Open to Discussions on Why Tesla’s Don’t Have Microwave Ovens.”

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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:

Every site needs to be open to discussions on why Tesla’s don’t have microwave ovens.

I’ve never heard anyone object to such a discussion. I wonder why the reaction is so different when the topic suggested is whether or not the Greaney retirement study contains an adjustment for the valuation level that applies on the day the retirement begins.

Rob

Comments

  1. There have already been thousands of discussions on why you are wrong about Greaney’s work. It has been pointed out for 20 years. What more don’t you understand that you think there needs to be a discussion. What hasn’t been answered for you? What are you unclear about? Is it your lack of education and training in the space that is making it so difficult for you?

  2. For starters, I believe that the error in the Greaney retirement study (it lacks an adjustment for the valuation level that applies on the day the retirement begins) should be corrected. People use retirement studies to plan retirements. If your model for understanding how stock investing works is so messed up that it causes you to get the numnbers in retirement studies wrong, then there is something terribly wrong with your model.

    There are all kinds of amazing things that follow from that. But getting errors in retirement studies corrected is the very first step in getting to a much better place. If we were all thinking clearly, there would be a 100 percent consensus re that one. There wouldn’t be on voice of dissent.

    Unfortunately, one of the things that Shiller’s Nobel-prize-winning research shows is that it is very hard to think clearly about stock investing. We all have a Get Rich Quick/Buy-and-Hold urge residing within us that trips us up over and over, That’s why I frequently argue that we should permit honest posting re the peer-reviewed research at every site. The more we hear about what the last 42 years of peer-reviewed research says, the less inclined we are to fall for the pure Get Rich Quick/Buy-and-Hold stuff.

    My sincere take.

    Rob

  3. You have made your points, but people don’t agree with you. Unless you have more questions, there is no point to keep “beating a dead horse” for more than 20 years.

    With any discussion, it is just sharing your opinion and then that is it. You might want to keep living on ground hog day and relive the same conversation over and over again for the rest of your life, but don’t expect the rest of the world to waste their time and lives just to make you happy by playing along with you fantasies and made up stories.

  4. The rest of the world decides what the rest of the world does. That’s not for me to say. But I decide what I do. And I sincerenly believe that the retirement study posted at John Greaney’s site lacks an adjustment for the valuation level that applies on the day the retirement begins. I formed friendships with a number of people at the Motley Fool site. Some of them were using the Greaney study to plan their retirements.

    I naturally wish you all good things regardless of what investment strategy you elect to follow. I like to think that that might help a tiny bit.

    My best wishes.

    Rob

  5. The rest of the world has already decided. You just don’t like the answer. You obviously ignore what people said because you never posts the thousands of responses. Instead, you delete them and pretend that a discussion is still needed.

  7. I see nothing in your link that says people want more discussion on Greaney or that they agree with you on Greaney. You might as well have sent a link to the New York City phone book.

  8. Okay, Anonymous.

    I do wish you all the best that this life has to offer a person, in any event.

    Rob