Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Do you plan to use any ink to comment about Internet Goon Squads?
Certainly I need to address the phenomenon. And certainly I need to take care to be fair-minded in what I say.
This is the aspect of the thing that makes it difficult to write about. The Goon part of the story is the relatively unimportant part of the story. Sure, there was a lot of abusive stuff that went down. That’s hardly a shocking news development when it comes to discussions that were held on the internet. It happens every day in hundred of different places. The shocking part of the story is the tolerance of Goon behavior that we have seen on the part of the Normals. That’s the driver of the high CAPE value.
That part is hard to write. It involves being somewhat critical of my readers. Generally not a great promotional strategy. And, for the stock buying process to become more rational over time (the core goal of the entire project), things need to be said in such a way that they avoid the protective radar of the Normals. That’s a very difficult business. Sometimes I get it just right. Sometimes I see that it is going to take more work to get it just right. My job is to take as much time as it takes to get the entire thing just right. no more and no less.
Rob


“ That part is hard to write. It involves being somewhat critical of my readers. Generally not a great promotional strategy.”
Because only Rob Bennett is right. Only Rob Bennett is honest. Only Rob Bennett is normal.
Sorry, Rob, but the results say just the opposite.
It’s not only Rob Bennett. Thousands of our fellow community members expressed a desire that honest posting re the peer-reviewed research be permitted. Shiller’s book was a best-seller. The 16 months in which Wade was doing honest research were the happiest days of his life.
It’s never been a majority, that’s for sure. But it’s not reasonable to think that new research would have majority support starting from the day it is published. People have to hear about it and then get to ask questions about it and then over time to be persuaded by it. That’s the part of the process that’s been missing for 22 years now.
I predict that, once we get every site opened to honest posting re the research, we will go from 10 percent Valuation-Informed Indexers to 20 percent Valuation-Informed Indexers in six months.
Rob