Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“ The Greaney study hasn’t been corrected to this day, Anonymous. What does that tell you?”
It means it never needed correction and that it has been explained to you well over a thousand times. It also tells us that you ignore everyone else, yet wonder why people have cut you off.
Okay, Anonymous.
I naturally wish you all the best that this life has to offer a person.
Rob
Why did ValueWalk give you the boot if your information is in demand? Why did ValueWalk give you the boot if you know how investing really works? Why did ValueWalk give you the boot if you somehow need to save us from some kind of financial crisis?
Look at today’s CAPE value, Anonymous. When prices are where they are today, the last thing that most people want to hear about are the realities of stock investing. What works and what is popular are very different things.
If we permitted honest posting all along, we would never get ourselves into a situation in which we are counting on irrational exuberance gains to finance our retirement. We would all be better off in that scenario. But how do we get there from where we are today? That’s the rub.
We may get a new chance to set things right in the days and years following the onset of the next Buy-and-Hold Crisis. We’ll see, you know?
Rob
“ Look at today’s CAPE value, Anonymous.”
Look at how your perspective has worked out for you after all these years. You are broke in your retirement years.
Buy-and-Hold did that, Anonymous. If we were all thinking clearly, there would not be one person who objected to someone pointing out an error in a retirement study. Accuracy in retirement studies would be celebrated, not discouraged.
The Get Rich Quick/Buy-and-Hold urge that resides within all of us is a destructive urge. The question is whether the urge to be rational, which caused us to establish laws against the use of the tactics employed by you Goons, is ultimately strong enough to counter the Buy-and-Hold urge. I believe that it is. I have seen a lot of good signs. We will see in the days and years following the onset of the next Buy-and-Hold Crisis, when we will all get to see up close and personal, the human misery that has been caused by Buy-and-Hold yet one more time.
I believe we are close to experiencing some amazing stuff. I sure don’t think that me pretending that I see a valuation adjustment in the Greaney study is going to get us there any sooner. I believe that honest posting re the dangers of Buy-and-Hold is our best hope.
Rob
No, you decided to try market timing instead of buy and hold. We can all read the history. If only you listened to Shiller when he told you to not time the market with CAPE.
Valuation-Informed Indexing is Buy-and-Hold plus valuation-based market timing. That’s what works. There is no way to beat irrational exuberance except with valuation-based market timing. It is absolutely essential. Leave it out and someday you are going to experience another Buy-and-Hold Crisis. Irrational exuberance is the cancer of the personal finance realm. It helps no one. If we were all thinking clearly, there would not be one voice speaking in support of irrational exuberance.
My sincere take.
Rob
VII has never worked for you or anyone else. There has never been even one successful outcome. You are completely broke and you admitted as such. Too bad you didn’t listen to Shiller and everyone else when they told you not to time the market. Too bad you didn’t keep working, like many told you since you stopped working in 2000. Too bad you didn’t listen to your ex-wife when she pleaded with you to get a job.
No one did a thing to you. Your situation is based on your own actions and inactions.
Okay, Anonymous.
I wish you all the best that this life has to offer a person, in any event.
Rob