“Greaney Doeesn’t Like to See People Talking About It. The More They Talk About It, the More That Their Common Sense Becomes Dominant Over Their Get Rich Quick/Buy-and-Hold Impulse. “

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

“ So do that. Nobody is saying that you can’t do that. You should do what you think is best. Some others might want to do something different. So what, you know? You do you and they can do them.”

And that is what we have done. We go with buy and hold because it works. We avoid risky timing schemes so that we don’t go broke (like you). We ban internet trolls that make up stories about abusive posting and criminal acts.

Sorry, but I would rather be sitting with $7.6 million in my accounts vs having $0 in my 60’s. Call me crazy.

I wish you the best of luck with it, Anonymous. I can go that far.

I can’t say that I believe that the Greaney retirement study contains a valuation adjustment. That’s the point of conflict that became evident on the afternoon of May 13, 2002. If I say that the Greaney retirement study lacks a valuation adjustment, people gradually lose confidence in the study. I think that’s a good thing. Greaney does not see it as being a good thing. So, since May 13, 2002, we have been working at cross purposes.

I consider him a friend. I enjoyed the good times we had together in the days before I pointed out the error in his study. But I feel better about myself when I post honestly. So, since May 13, 2002, I do that.

I don’t believe that Greaney himself truly believes that his study contains a valuation adjustment. I think that Evidence nailed that one. But Greaney doeesn’t like to see people talking about it. The more they talk about it, the more that their common sense becomes dominant over their Get Rich Quick/Buy-and-Hold impulse. I like it when common sense and rationality and research become dominant. Greaney doesn’t like that one tiny little bit. He hates it, hates it, hates it.

The only reason why Greaney hates me so much is that I tried to bring rationality and common sense and research into discussions of safe withdrawal rates. That’s the “bad behavior” for which I have been banned at every site. I don’t see it as bad behavior. I see it as good behavior. I offer precicsely zero apologies for pointing out that the Greaney study lacks a valuation adjustment.

I wish you all good things.

Rob