Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
So, what you are saying is that no one but you claims that Greaney made an error. Again, why are YOU broke? Why isn’t anyone willing to pay you a dime?
Everyone knows that he made an error. YOU know that. If you believed that his study contained a valuation adjustment, your next post would contain a link to the page in the study containing it.
The cover-up has been going on for 44 years. We should have talked this all through in 1981. After a 44-year cover-up, it is very hard. It only gets harder to wait longer. But it is very hard.
There’s a movie called “The Insider” about a man who knew that the tobacco industry was lying in testimony to Congress about research that showed that smoking causes cancer. All of the same tactics that have been used to suppress what I say and what all the people who have posted in support of me say were used to keep the public in the dark about the dangers of smoking. Do you think It would have been better if that cover-up were still going on? I do not. I think we needed to bring it to an end. I think we need to bring the Buy-and-Hold cover-up to an end as well.
The longer it continues, the worse it is for each and every one of us.
Rob
“ The longer it continues, the worse it is for each and every one of us.”
No. The longer you keep playing this silly game, the worse it is for YOU. Wake up, Rob. You are broke.
That’s the problem. That’s why stocks have become far more risky than they need to be during the Buy-and-Hold era. There should be no penalty for pointing out an error in a retirement study. That’s something that should be celebrated.
I’d rather be broke than keep silent about an error in a retirement study that I’ve seen some of my friends using to plan their retirement. Those shouldn’t be the only two choices. But I definitely think that I made the right choice between those two options. I look forward to the day when honest posting re the peer-reviewed research is 100 percent accepted at every site.
I believe in peer-reviewed research. When I became a Buy-and-Holder in my earlier life, it was because Buy-and-Holders often made reference to the peer-reviewed research. Your opposition to discussion of the last 44 years of peer-reviewed research repels me.
The ban on honest posting re the recent research is the opposite of what I believe investment discussions should be about. It turns what should be a learning experience into an act of fraud. Yucko, you know?
Rob