Lies, Damn Lies, and Hocomania pt 79

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[Yipee-Ki-O]

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Thought I'd post this comment to the Plop since hocus doesn't permit any honest posting there.

"Long-Term Investors and Valuation-Based Asset Allocation"

https://papers.ssrn.com/sol3/papers.cfm ... id=2544636

Acknowledgements: Though market-timing strategies are specifically contrary to John Bogle's
investment philosophy, the author is extremely indebted to suggestions and reading
recommendations provided by countless users in the threads 'Any Studies on Long-term Market
Timing?' and „Valuation-based market timing with PE10 can improve returns?‟ at the Bogleheads
Forum. I am also grateful to Rob Bennett for motivating this investigation, and to financial
support from the Japan Society for the Promotion of Science Grants-in-Aid for Young Scientists
(B) #23730272.

Rob, as you can see in the Acknowledgements section of Wade's paper you are mention as having motivated Wade's interest in Valuation-Based Investing but there's no mention of you having "co-authored" the paper. That's because you did not. Your claim otherwise merely confirms your status as a Habitual Liar. As does your false allegation that Wade was "threatened." Wade of course has already addressed that particular HocoFantasy:

"Dear Vivek,

I understand that Rob Bennett has sucked you into his drama. I'm Wade
Pfau, the academic researcher who has allegedly been threatened. In
writing about your tweet at his blog today, Rob even wrote, "(A number
of Buy-and-Holders threatened to send defamatory e-mails to Wade’s
employer in an effort to get him fired from his job for the “crime” of
having published research showing the dangers of Buy-and-Hold
investing strategies and several big names in the field [including
Vanguard Founder John Bogle] failed to take action against those
advancing the threats, thereby implicitly encouraging them [I have
sent Bogle four e-mails asking for his help with the matter])"

I can assure you that this is all part of Rob's vast mythology in
which he seeks to make himself into a super hero fighting the evils of
Wall Street. It isn't true. Rob magnified a very minor situation by
10,000x. The entire story he developed is based on the one minor
comment found here at the start of this discussion board thread:

http://boards.fool.com/hocus-gets-colle ... sort=whole

"I hope this doesn't ruin that guy's chances for tenure."

That's it. He imagined all of the subsequent details.

At any rate, I did indeed publish the studies which Rob claims I am
afraid to publish. There is no issue. The main study is this one:

http://www.tandfonline.com/doi/abs/10.1 ... 011.648317

Rob lives in an imaginary world of death threats and threatened
academic researchers and so on, as you would discover if you waste
time reading what he writes. Just thought I'd let you know, straight
from the horse's mouth.

Best wishes, Wade"

"I earned the $500 million, Anonymous. You saw the reaction that the the research that I co-authored with Wade got at the Bogleheads Forum.I have a funny feeling that you wouldn’t have threatened Wade if you didn’t see that it was the most important piece of research published in this field in the last three decades. So I think we are in general agreement (even if you won’t acknowledge it) that I earned the money."

Oh, and your closing HocoFantasy/Delusion about there being general agreement that you have "earned" the $500 million settlement is just HocoHogwash. There is however general agreement that Rob Hocus No Step 2 Bennett is a narcissistic, passive-aggressive, mentally ill internet troll and a Habitual Liar.

[Sensible Investor]

http://arichlife.passionsaving.com/2017 ... rank-them/

Interesting to see fellow troll John Walter Russell at #3 ranked above luminaries like Warren Buffett and Wade P. LOL

[Yipee-Ki-O]

Wade wasn't too enamored with the "work" of hokum's Deceased Pensioner Trolling Pal John Walter Russell as can be seen in this email to the hocotroll:

Usually I can figure out the Rob-logic behind what you are thinking, but I really don’t know how you think you come out of this whole episode looking like the good guy. I guess it is because you think you are saving my soul and putting me back on the path of righteousness, or something, huh? If only you had the power to do a little bit of self reflection…

Now that the whole email history is on display, we have the reminder of how angry you got at the very beginning when I referred to you as dogmatic. Yet, look at the way you’ve treated me for disagreeing with you on something which you don’t even understand. You quote numbers from JWR’s statistical work, but I’m not sure if you can even distinguish a mean from a median. So how can you be sure his work is right? I don’t know either, as I never did get around to digging into it, and I doubt I ever will now. But I’m not sure how a properly calculated lower confidence bound for a 2000 retiree could have been higher than zero.

Had Wade taken time digging into the doddering old fool's "work" he would have found nothing but long lists of random numbers and made-up return sequences. In other words, Bat$hit Crazy Hocomania with a numerical flavor.

[ataloss]

JWR1945 RIP. I wonder if Rob engages in any self reflection as our birthdays approach. Having lost his sidekiick and followers it seems to me that there isn't much left in the financial expert area for him.