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

“ Those people wouldn’t be having the same thoughts if we permitted honest posting re the last 40 years of peer-reviewed research at every site on the internet. ”

……..Cuz all us moooorons are jez too stoopid, right?

I knew about the error in the Greaney retirement study when I put my first post to the Retire Early board. I didn’t say anything until three years later. I guess I must be pretty darn stoopid too.

A bull market is a liar’s market. When a large number of humans get together and say “why don’t we all pretend that we have a lot more money saved than we really do,” they call that a bull market. And the humans all have something inside them that makes them want to go along with the funny joke and not call out the b.s.

Yes, the humans are stoopid in some important ways, Anonymous. But Shiller helped us advance in a huge way in our understanding of how stock investing works when he published his Nobel-prize-winning resesrch. I think we should give ourselves permission to talk about it and begin living far richer and better lives as a result. Sue me, you know?

Rob

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

“ Do you think it would have been better if I had kept it zipped about the error in the study?”

Do you think the thousands of people that explained to you as to how you are wrong about Greaney and his work should all either lie about it or keep their mouths shut?

I think we should open every discussion board and blog to honest posting re the last 40 years of peer-reviewed research in this field, without a single exception.

That’s the answer.

I am sure.

Rob

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 entire board community was at the time engaged in discussion of my famous post from the morning of May 13, 2002”

Your post was not and is not famous. Secondly, the discussion was not about your post. We can all read the thread.

If my post pointing out the error in the Greaney retirement study wasn’t famous, why do you still come here every day to discuss it 20 years later?

There’s no reason for a thread on guns to appear at a retirement planning site except as an act of intimidation, Many were indeed intimidated. But the use of intimidation to “defend” an investment strategy is a desperate choice, When it becomes common practice to call out such acts of intimidation on investment sites, But-and-Hold will go down. And that will be a very good thing for all of us. When Buy-and-Hold goes down, it becomes possible for us all to move on to something better — Valuation-Informed Indexing, which is Buy-and-Hold with market timing added to the mix.

Rob

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

It is a defacto lie [to point out that the Greaney retirement study lacks a valuation adjustment] because the study did not require it.  It is like pointing out that your neighbor doesn’t have a hot dog stand in his front yard.

um….

Rob

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 do wish you all the best that this life has to offer a person”

No you don’t. You call people names and make up stories about them (death threats, criminal acts, prison). Those are things said by someone with hate in their heart.

Not so.

I’ve done everything that I could to help you going back to the first day. I wrote to the site administrator at Motley Fool in June of 2002 asking that Greaney be given the boot. It was his job to do that. If he had done his job, you and the other Goons would not be in the mess you are in today. I have done my part. I cannot force people in positions of authority to do their job when there is a quick buck to be made by not doing it.

The Get Rich Quick urge resides within all of us. That’s the bottom line here. Overcome the Get Rich Quick urge (this is done by engaging in market timing when irrational exuberance threatens to get out of control) and we all live better lives from that point forward.

I don’t think it is possible to keep you out of prison today. Maybe it is. There has never before been a situation like this. So no one can say for certain. But my personal take is that it is no longer possible. But either way, I am 100 percent confident that the length of your prison term is going to depend on how many lives you end up destroying. So, the sooner come clean, the better you make out. And who has been advising you to come clean going back to the earliest days (when I COULD have kept you out of prison altogether)? Your one true friend in this world, the only community member who has done the best that he could for you going back to the earliest days.

I’ll always be there for you, Anonymous. But, if I say that I believe that the Greaney retirement study contains a valuation adjustment, I am committing financial fraud myself. Which is a crime. a felony. Which means prison time. Um — thanks but no thanks, you know?

Not this boy.

Rob

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

Shiller doesn’t agree with you, Pfau doesn’t agree with you, Bernstein doesn’t agree with you Kitces doesn’t agree with you, your bank account doesn’t agree with you, your son doesn’t agree with you, your priest doesn’t agree with you……and on and on and on.

Okay, Anonymous.

I do wish you all the best that this life has to offer a person, in any event.

Rob

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

Rob: Do you believe that Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns is legitimate research?

Buy-and-Hold Goon: I believe in outcomes.

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

It doesn’t need a correction.  That is the point.  Thus, your entire argument fails before it even starts.

Do you believe that Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns is legitimate research?

Rob

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

Are you aware of anyone who thinks that Greaney’s study contains a valuation adjustment? Could you name them and provide a link to where they express this opinion?

The Greaney retirement study hasn’t been corrected to this day. It’s been 20 years.

Rob

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

Like the example given before, it is like saying my car doesn’t have a microwave oven and then wanting to open all boards on the internet to honest posting posting that discusses all the aspects of using a microwave oven in your car.

If my famous post from the morning of May 13, 2002, had been about microwave ovens, we wouldn’t have seen scores of our fellow community members saying that I had launched the most exciting discussion ever held in the history of that board.

Rob