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 thread is now at 1133 comments and has gone into detail that would never appear in your writing.
Honest and open posting is great.
And yet the Greaney retirement study remains uncorrected.
The fact that the thread exists is wonderful. People are learning from it. But, if we really want to get that CAPE value down and avoid future Buy-and-Hold crises, we are going to need to put what we learn into practice. Getting the numbers right in retirement studies is pretty darn important. There should be 100 percent agreement that we need to get the numbers in retirement studies right. We need more of those sorts of threads and we need them at more sites and we need to be sure that everyone participating on them feels 100 percent free to post their sincere thoughts.
We are better off with that thread in existence than we would be without it. But we still have a lot of work to do. The first thing that we need to do is to give up this idea that there are two sides to this matter. We all want the same thing, We all need to know how to invest effectively for the long run. We are all on the same side.
My sincere take.
Rob


feed twitter twitter facebook