I participated in a discussion of how marketing considerations affect what we hear about the investing realities at the Oblivious Investor blog yesterday.

Juicy Excerpt: It is fine for blog owners to use their blogs to market their books. But there has to be honesty. If we are going to hear about academic research, we need to hear about all the academic research. We need to rely on community members other than the blog owner to fill us in on what the blog owner does not want to talk about. The blog should be open to honest posting on points of view other than that held by the blog owner.

Mike Piper (the blog owner) did a fine job managing that discussion (with the exception of some exceedingly strange comments that he put forward in a post at 8:04 PM on July 15). I have had several positive interactions with Mike and I have hopes that he may serve as a model for other blog owners struggling with questions of how to proceed with letting their readers know of the realities of stock investing after years of engaging in heavy promotion of the now-discredited Passive Investing model.