“As a Nation of People We Have Given You Veto Power Over What Is Said About Stock Investing on the Internet. It Was a Mistake to Give You That Power. But You Have Been Given It. Your Power Is a Reality of the Stock Investing World in the Year 2023. So We Need to Understand Why We Have Done That.”

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

Rob

Twitter is about open as anything gets. Post there for a while – if your ideas are all you say they are, you will have million followers in no time. Sparring here with random “goons” has gotten you no where.

-Interested Observer

I’m not “sparring” with you Goons. I am trying to learn from you. We obviously would all learn 20 times more and 20 times faster if you participated in the discussions on good faith. You obviously are not open to that we are all in this together, you need to know how stock investing works as much as anyone else does. So understanding how you have come to believe that the last 42 years of peer-reviewed research should be ignored has value.

And as a nation of people we have given you veto power over what is said about stock investing on the internet. It was a mistake to give you that power. But you have been given it. Your power is a reality of the stock investing world in the year 2023. So we need to understand why we have done that. I believe that a big part of the explanation is that we all have goonishness within us. We LIKE high CAPE values. We were pushing stock prices up to crazy levels long before you Goons came on the scene. So there’s a sense in which we all carry a big of the Goon spirity within us. That’s the spirit that we all need to come to understand if we are going to invest more effectively in the future.

I’ve put things on Twitter. I had a bunch of twitter posts after the Wade Pfau flip Investing is a serious business. It needs to be explored in places where serious people meet and where interested observers can feel safe asking questions. All of the bans have been put in place in such venues. Those are the right venues for these discussions. We just need to lift the bans and permit and encourage honest posting re the peer-reviewed research. There’s nothing wrong with the venues that we have tried. The problem is that we have not had enough people speaking up for the need to permit honest posting re the research at those venues. I believe that that may change in the days and years following the onset of the next Buy-and-Hold Crisis. We’ll see.

Rob