Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
No one needs a reason to ban you or anyone else from their website. If I don’t want you in my house I can tell you that you cannot come over. I can even threaten to call the police if you show up. You need to respect the rights of others.
I disagree. When a site owner bans someone solely because that person mentioned what the last 43 years of peer-reviewed research tells us all about what works in stock investing, it is a very strong sign that that site owner does not have the interests of his readers at heart. It helps him to turn a quick buck for him to get behind a pure Get Rich Quick/Buy-and-Hold strategy. But there are things in this world more important than turning a quick buck, in my assessment. Caring what happens to your friends’ retirement accounts is one of them.
Should the tobacco companies have the right to run huge ad campaigns that smoking will help you to live a long, healthy life and to prohibit anyone from mentioning the research showing that smoking causes cancer? I say “no.” I think that the people being pitched have a right to hear about the dangers of smoking. I feel the same way about Get Rich Quick/Buy-and-Hold stock investing “strategies.” I believe that Shiller’s Nobel-prize-winning research is legitimate research. Sue me.
My best wishes to you and yours, Sensible.
Rob
The investment community disagrees with you and we can block you just like you block everyone else. Logic your won problems and stop asking everyone else to do things for you.
Robert Shiller is part of the investment community. He says that irrational exuberance is a real thing. Bill Bernstein is part of the investment community. He says that at the top of the bubble the safe withdrawal rates was 2 percent. John Bogle was part of the investment community when he was alive. He said that Reversion to the Mean of stock prices is an “iron law” of stock investing. Wade Pfau is part of the investment community. He studied these matters for 16 months and concluded that: “Yes, Virginia, Valuation-Informed Indexing works!
The investment community is divided. We need to open every site to honest posting re the peer-reviewed research and talk these matters out.
Where I’m coming from.
Rob