Lies, Damn Lies, and Hocomania pt 79

Can retiring early make you crazy? Get the latest news from the world of Hoco-mania. Surprising insights on arithmetic, imagined 'death threats', message board administration, and the merits of leaving a high-paying job only to pursue sub-minimum wage work in retirement to make ends meet. For more on Hocomania see Rob Bennett, author of Passion Saving.

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 02/13/17 at 14:09:19

“Steve Jobs Did Not Make His Fortune Posting on Message Boards. Bill Gates Did Not Make His Fortune Posting on Message Boards. But They Both Did Something Similar to What I Did. They Used a New Technology to Improve the World in a Very Big Way and They Were Properly Compensated for Their Efforts.”

Rob, you have been properly compensated for your efforts: $0.00. That's more than adequate compensation for how your trolling hobby "improved" the world.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 02/14/17 at 13:21:01

It’s all in how you look at it. You look at the 14 years of Goon attacks and say “hey, we really taught that Rob Bennett fellow not to mess with Buy-and-Hold, huh?” I look at the same 14 years of abuse and observe that that abuse is what has kept lots of other smart and good people from walking the path that I have walked and thereby has left a mountain of high-dollar opportunities open to me.

Rob, the existence of "Goons" and the "attacks" and the "abuse" you suffered at their hands are just Bat$hit Crazy delusions conjured up within your addled brain. You were a prolific troll and you got banned. Not much of a story there. The thing which has kept lots of other smart and good people from walking the path you chose for yourself is that they aren't mentally ill like you are. Among the sane there just isn't much interest in pursuing the "high-dollar opportunities" open to you given that the reality is Bat$hit Crazy hocomania has a true value of $0.00. Your "mountain" is quite the molehill.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 02/16/17 at 12:20:29

It is not possible that Fama and Shiller are both right. The came to opposite conclusions about how stock investing works. Both were awarded Nobel prizes. But one of the two got things terribly, terribly wrong. We need as a society to figure out which one of the two it was who got things right and which one of the two it was who got things wrong. We all need to pull together and get down to the job of resolving the differences between these two Nobel prize winners. We need to begin doing that by the close of business today.

Actually hocus, it is quite possible that both are right. Your current dire financial circumstances point to that conclusion. If the market was so easily exploited you'd be a wealthy man now instead of suffering through a failed attempt at early-retirement.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 02/20/17 at 11:18:32

The historical return data shows that that strategy (Valuation-Informed Indexing) has worked for 145 years running now. Buy-and-Hold has not yet worked for a single long-term investor.

And yet the (marketing) experts in this field continue to push it relentlessly. I wonder why.

Well hocus, the answer is simple. All three of your assertions are false. There is no evidence that Lucky Seven has worked for 145 years running. The idea that buy-and-hold has not yet worked for a single long-term investor is just absurd. And your claim that marketing experts are relentlessly pushing buy-and-hold is pure hogwash. All your assertions are just shop worn fantasies which make up your Bat$hit Crazy hocomania routine.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 02/23/17 at 14:24:02

I feel this so strongly. This is what drives me. I believe that God put me on earth to make the case for opening up this field to honest research because it is so important that we all get on the same page re this one. This is not a case where the Buy-and-Holders have to win or lose and the Valuation-Informed Indexers need to win or lose. Everybody wins when this kind of research goes forward. Learning Together is the proverbial free lunch. It is because I believe so strongly in the Learning Together concept that I built that Retire Early board into the #1 most successful board in the history of the Motley Fool site. This stuff matters. Big time.

No hocus, this stuff doesn't matter. It's nothing but Bat$hit Crazy hocomania. That's why you find yourself bleating endlessly in the obscurity of your own Plop and providing worthless filler material for ValueWalk.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/02/17 at 18:40:45

The entire site tells the story, Anonymous. Close your eyes and pick a page at random. Then just follow the links from there. If your mind is open to learning things about stock investing that we did not know at the close of 1980, you will be stunned and amazed. We’re talking “revolutionary” (Shiller’s word) stuff.

Yepper hocus, pick a random page from the Plop and you're sure to find Bat$hit Crazy hocomania! You'll be stunned and amazed at the sheer volume of hocomania created by the addled brain of the THE ONE, THE ONLY, THE STUPENDOUS Rob "hocus" Bennett!

The Plop serves as testament to what a narcissistic, passive-aggressive, mentally ill internet troll and Habitual Liar can "accomplish" given enough free time and detachment from reality! :lol:
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/16/17 at 10:51:42

When you talk about successful Buy-and-Hold outcomes, you are talking about portfolio balances that exist today that you did not divide by two. Stocks are today priced at two times their real value. Why don’t you divide by two?

Because only a certain mentally ill internet troll believes he knows EXACTLY what the valuation of the market should be. The same mentally ill internet troll who believes that ALL portfolios contain nothing but the S&P 500 Index.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/17/17 at 17:39:39

Do you think that a $100,000 portfolio that exists at a time when the P/E10 level is 8 (1982) has the same value as a $100,000 portfolio at a time when the P/E10 level is 44 (2000)?

Yes.

I say that the first portfolio is more than five times more valuable. There is now 35 years of peer-reviewed research (based on 145 years of historical return data) showing that this is so. I say that anyone who thinks those two portfolios are equal in value is living in a fantasy world.

I say you are wrong. I also say you are a narcissistic, passive-aggressive, mentally ill internet troll and a Habitual Liar.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Sensible Investor » 03/17/17 at 18:19:36

Just a few more years until Rob can start to collect Social Security. How is he even getting by? Must be a pretty spartan lifestyle.
Sensible Investor
**** Senior Member
 
Posts: 280
Joined: 10/05/13 at 17:43:08

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/17/17 at 21:00:49

And since he "retired" early he'll have plenty of zeroes for income which will negatively affect his Social Security payout. Of course, it may not matter. He's been quite circumvent about the Bennett family finances for quite some time but it may be that Boo had to get a job in order for the family to survive. Or given that Rob is profoundly mentally ill maybe he gets SS disability payments. It's fairly certain his lack of investment savvy and the length of time he's been unemployed ensures that his next egg won't be enough to fund his family, assuming that nest egg still exists.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/22/17 at 10:16:45

Now that I have written these words, I am thinking that I might have my fresh angle for the Ritholtz column. I am now leaning in the direction of writing that one up. So we are looking at four or five articles re the research paper and one re the Ritholtz article, both of which were brought to my attention by you Goons.

They'll be nothing new. Just more cut-and-paste hocomania. You haven't come up with any fresh delusions in years.
People ask me all the time why I even bother to talk with you given your obvious hate for the last 35 years of peer-reviewed research and all discussions of the implications that follow from it.

Liar. You live in isolation. Nobody else is involved in your Catastrophically Unproductive hobby of producing Bat$hit Crazy hocomania.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Re: Lies, Damn Lies, and Hocomania pt 79

Postby Yipee-Ki-O » 03/23/17 at 14:57:23

It’s a process. We are a long ways away from the state of confusion that caused us to tolerate Bogle’s unwillingness to come clean back in 1981. We know more all the time. We understand more all the time. We are well on out way to experiencing the biggest surge in economic growth in U.S. history. It is happening, Anonymous, and there is nothing that you and your Goon pals can do to hold us back. The people of the United States possess more power than a band of internet Goons backed by a band of Wall Street Con Men. It’s not a close call. There has always been only one way that this thing could turn out in the long run.

Yes hocus, the only way this thing could turn out in the long run is for the narcissistic, passive-aggressive, mentally ill internet troll and Habitual Liar Rob "hocus" Bennett to waste his life trolling about topic he knows little about in the obscurity of his seldom visited Plop.
Yipee-Ki-O
***** God Member
 
Posts: 10528
Joined: 03/19/05 at 18:40:02

Previous

Return to The Best of Hoco-mania

Who is online

Users browsing this forum: No registered users and 2 guests

cron