“Are You Able to Identify Any Strategic Change That Was Necessitated by the Publication of Shiller’s Nobel-Prize-Winning Research Showing That Valuations Affect Long-Term Returns?”

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

“ The stock market is priced today for an ocean of human misery to be delivered in the next year or two or three in the event that stocks continue to perform in the future somewhat as they have always performed in the past. ”

You have made predictions like that many times in the past and you were always wrong. Instead, you went broke and provided even more proof that your timing scheme doesn’t work.

Are you able to identify any strategic change that was necessitated by the publication of Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns? I say that it requires market timing/price discipline for every investor. You obviously do not share that belief. Can you say what strategic change IS required by Shiller’s research finding? Does it have any practical significance whatsoever?

Rob