Buy-and-Hold Goon to Rob: “Your Typical Diatribe About People Not Having Information Is a Bunch of B.S. Everyone Has Access to All the Information That Is Publicly Available.”

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 can say the same thing about any other item for sale.  Someone will always complain that the price is too high.  Guess what.  No one is forced to buy anything.  If you want to own the stock, buy it.  If you don’t, then don’t buy it.  Your typical diatribe about people not having information is a bunch of B.S.  Everyone has access to all the information that is publicly available.  If they want your opinion, they can find it here on all over the internet.  The problem for you is that you are still getting over the butt hurt of getting kicked off all the primary investment boards due to your behavior.  Get it over it, Rob.  You should be focused on fixing your own broken retirement.  You are over the age of 60 and broke.  That is embarrassing.

Everyone does NOT have access to all the information. Discussion of the far-reaching how-to implications of Shiller’s Nobel-prize-winning resesrch showing that valuations affect long-term returns is banned at every large investing site. The ban on discussion of the research that shows us how to rein in irrational exuberance (through market timing!) has had a huge effect on stock prices. This is why today’s CAPE value is so scary high.

Shiller’s amazing research findings cannot do us any good for so long as we do not give ourselves permission to talk about them and learn about them.

My sincere take.

Rob