“What You Won’t Do Is Articulate a Convincing Argument As to Why You Think It Should Contain an Adjustment Because That Would Take Analysis and Thought.”

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

“I agree with you that no one has ever claimed that.”

But that won’t stop you endlessly repeating that the study doesn’t contain a valuation adjustment despite the fact no one thinks it does.

What you won’t do is articulate a convincing argument as to why you think it should contain an adjustment because that would take analysis and thought.

Simply repeating that Greaney’s study doesn’t contain a valuation adjustment is so much easier.

I think I have worked out why you do it. You are wrong about virtually every investing topic you discuss. One of the few things you got right is that there is no valuation adjustment in the studies. Therefore you keep repeating it because you think that if no-one can contradict you you must be doing something right.

It is like someone repeatedly saying that the world is round and thinking they are great because no-one proved them wrong.

Um….

Rob