“Say That It Was 1965 and Someone Had Opposed Racism for 45 Years and Yet He Could See That Racism Was Still a Big Problem and He Was Advised to Give Up the Battle. 1965 Was Not the Time to Be Giving Up.”

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

“ That alone would not do it. It would cause me to experience doubts. I would explore those doubts and see what people I respected were saying about the matter.”

So you would be 45 years into your VII journey, aged 85 and broke and that still wouldn’t convince you that you were wrong and wasted all of your time…….really?????

Say that it was 1965 and someone had opposed racism for 45 years and yet he could see that racism was still a big problem and he was advised to give up the battle. In the mid-60s, major civil rights legislation was passed and a few decades later a black man was elected President of the United States. 1965 was not the time to be giving up.

The time to give up is the day that I see that there really is a valuation adjustment in the Greaney retirement study after all. That has not happened during the first 22 years of our discussions. Each day that it doesn’t happen is more reason to believe that I have been right all along — the Greaney study is in error and should have been corrected within 24 hours of the moment at which the error was brought to his attention. If we all were thinking clearly, there would not be one person encouraging Greaney to continue delaying the correction.

My sincere take. Getting the numbers right in retirement studies matters.

Rob