Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“How many cranks have been awarded the Nobel prize in Economics?”
You think you and Shiller are similar? You really lack self awareness.
Every word that I have written over the past 16 years is rooted in Shiller’s “revolutionary” (his word) finding that valuations affect long-term returns. There should be THOUSANDS of people exploring the implications of the last 36 years of peer-reviewed research on a daily basis. There WILL be thousands once we open one major internet site to honest posting on investment issues. There is a mountain of money to be made presenting honest and accurate and research-based investing advice. So, once your prison sentence is announced, all sorts of good stuff begins to happen for millions of us.
Shiller was awarded a Nobel prize for his “revolutionary” work. There should be scores and scores of changes that Jack Bogle has made to Buy-and-Hold in the 36 years since Shiller’s research was published. Can you name 10? Can you name one?
No, neither can I.
I wonder why.
I don’t do cons, Anonymous. I love my country. Non-negotiable.
Rob


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