Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“Blocking learning is a negative.”
So why are you blocking access to this article? You could publish it on this site.
There is a movie (“The Insider”) about the research scientist who told the truth about how the tobacco companies were lying in their congressional testimony about how smoking cigarettes causes cancer. All of the same things that have happened to me happened to him. He was made an outcast, he suffered financially, he lost his marriage, he was threatened, etc. Eventually he got the word out and changes were made in our laws to rein in the power of the tobacco companies to do harm to millions of people as a means of turning an easy buck and we got the rate of cigarette addiction down a good bit. People were afraid to tell the story of how cigarettes cause cancer in that day just as they are afraid today to tell the story of how retirement studies that lack valuation adjustments eventually cause failed retirements.
Would that man’s efforts have had the effect they did if he only shared what the resrarch said with his close friends?
The aim is to get the word out. Shiller’s research is amazing. But today’s CAPE value is scary. Shiller’s research cannot supply the benefits we all need to see it supply until we open every site to honest posting re the last 42 years of peer-reviewed research. It’s nice that we now know intellectually how stock investing works. We are going to continue to make the same horrible mistakes that have caused so much human misery in the past unless we work up the courage to stand up to you Goons and open every site to honest posting re the research. That’s what our discussions are all about.
I wish you all good things.
Rob
Let’s talk about failed retirements. You are on here telling people that have significant savings that something might happen to take away a significant part of their savings. You tell us how bad that will be. Meanwhile, your own personal situation is much worse than that. It is not like you spent half of your savings. You have fully depleted your savings and you have also destroyed your social security benefit.
How do you have any credibility in what you are saying? Why are you not applying the same standard to your situation. You think others should change because they MIGHT see a financial hit, but here you are at the bottom and you don’t think you need to do anything about it. REALLY?
Let’s talk about failed retirements. You are on here telling people that have significant savings that something might happen to take away a significant part of their savings. You tell us how bad that will be. Meanwhile, your own personal situation is much worse than that. It is not like you spent half of your savings. You have fully depleted your savings and you have also destroyed your social security benefit.
How do you have any credibility in what you are saying? Why are you not applying the same standard to your situation. You think others should change because they MIGHT see a financial hit, but here you are at the bottom and you don’t think you need to do anything about it. REALLY?
There shouldn’t be any abusive behavior. There shouldn’t be any criminal behavior.
We don’t see that in other fields. No reasonable person could have possibly anticipated that. It’s unprecedented.
I didn’t speak up about the error in the Greaney study for three years. Then I finally did. And we saw an outpouring of effusive praise for the Valuation-Informed Indexing concept from thousands of our fellow community members. I can’t ignore that or forget that. That means that we would see millions of people feeling better about their retirement plans if we could just open one large site to honest posting re the peer-reviewed research.
I think we should do that. I am a journalist. Getting every site opened to honest posting re the research is a job for a journalist. So I have taken on that job. The very fact that you Goons are so hotly opposed to it shows how important it is that we take that step. It’s all upside and zero possible downside.
It’s not all about me and my personal financial circumstances. It’s about the financial circumstances of everyone who lives in the United States. Millions and millions of people. And of course I believe that I will be compensated for my efforts to open every site to honest posting re the research in the days after the task is completed. To the tune of hundreds of millions of dollars. So it is not exactly a negative even for me personally.
It’s a shame that as a nation of people we are in this situation. But of course the greater truth is that it is amazing that we now know for the first time in history how stock investing works in the real world. We should all be celebrating that. And we should all be doing everything in our power to get every site opened to honest posting re the research as quickly as possible.
That’s where I’m coming from re this one, in any event.
My best wishes to you.
Rob
Go ahead and just stick your head in the sand and see how that works out in your remaining years. Meanwhile, the rest of us will do just fine.
Go ahead and just stick your head in the sand and see how that works out in your remaining years. Meanwhile, the rest of us will do just fine.
Okay, Anonymous.
My best and warmest wishes to you.
Rob