{"id":1658,"date":"2007-07-25T15:13:03","date_gmt":"2007-07-25T22:13:03","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1658"},"modified":"2009-02-26T23:53:21","modified_gmt":"2009-02-27T06:53:21","slug":"keeping-up-with-what-frank-doesnt-know-earth-round-circles-sun","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1658\/keeping-up-with-what-frank-doesnt-know-earth-round-circles-sun\/","title":{"rendered":"Keeping Up With What Frank Doesn’t Know — Earth Round — Circles Sun"},"content":{"rendered":"

There’s a mindset that has always befuddled me. It’s origin seems to be grounded in the belief that if I’ve believed X for years, than something proclaimed to be superior to X just can’t be true. Furthermore, the evidence I point to, is how many people agree with my belief in X.<\/p>\n

Huh?<\/p>\n

The world’s population believed the earth was flat, and that the sun circled it. They were wrong<\/em>. However, when Copernicus found empirical evidence to the contrary, he was wrong, because he was virtually alone. (Sometimes I think Greg Swann<\/em> is directly descended from Copernicus.) \ud83d\ude42 The central argument against him was — all, 100%, totally — false data<\/strong> based upon a long held belief — which was based upon subjective interpretations of bad science — and anger at having their food dishes moved. How dare Copernicus?!<\/p>\n

Those arguing for 401(k)’s as superior to F.I.U.L.’s (Now, often referred to as E.I.U.L.) are no doubt sincere in their beliefs. The problem is, when they retire, they’ll notice the guy next door who opted for the insurance approach, and realize very quickly, sadly too, I’m sure — they were sincerely wrong<\/strong>.<\/p>\n

I watched NOVA last night, and they said without reservation that the earth is still round, and it revolves around the sun, not the other way around.<\/p>\n

My hope is, this post hits its intended target: Those who run companies. Employees who are relying upon the experts made available to them — by their employers. <\/p>\n

Before I continue, let me correct a mistake made in one the previous two posts. I’d misread a ‘3’ for a ‘2’ and subsequently wrote 20 instead of 30 years for one of my examples. My error — as I reviewed the document, it indeed read 30 years, not 20. This resulted in misstating one of my numbers. This didn’t change the outcome of the piece though, as you’ll shortly see for yourself.<\/strong><\/p><\/blockquote>\n

As we get into the nitty-gritty of the actual comparison of 401(k)’s and F.I.U.L.’s, let’s establish exactly where I’m getting the numbers, and if the source I’m using is credible. \ud83d\ude42 I do this because it became Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There’s a mindset that has always befuddled me. It’s origin seems to be grounded in the belief that if I’ve believed X for years, than something proclaimed to be superior to X just can’t be true. Furthermore, the evidence I point to, is how many people agree with my belief in X. Huh? The world’s […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-1658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-retirement","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3050,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3050\/do-you-have-faith-belief-or-do-you-know\/","url_meta":{"origin":1658,"position":0},"title":"Do You Have Faith? — Belief? — Or Do You KNOW?","author":"Jeff Brown","date":"May 5, 2008","format":false,"excerpt":"Take it from someone who for years did what he thought would produce, but in reality experienced haphazard results. There's a huge difference in the quality of results (read: success\/failure) when the actions taken to produce said results were proceeded by an easily defined thought -- followed by a slamdunk\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":369,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/369\/is-presenting-freeing-jeffersons-slaves-for-banned-book-week-a-fair-housing-violation\/","url_meta":{"origin":1658,"position":1},"title":"Freeing Jefferson’s slaves","author":"Greg Swann","date":"January 6, 2011","format":false,"excerpt":"A Ramblin' Gamblin' Willie story \"Mark Twain said, 'In the first place God made idiots. This was for practice. Then he made school boards.'\" There was a smattering of uncomfortable laughter throughout the school gymnasium, accompanied by pained looks from the dais, where the school board sat. \"I'm not here\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6049,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6049\/if-mortgage-rates-are-not-going-below-5-where-are-they-going\/","url_meta":{"origin":1658,"position":2},"title":"If Mortgage Rates Are Not Going Below 5%, Where Are They Going?","author":"Sean Purcell","date":"December 11, 2008","format":false,"excerpt":"There was an interesting post yesterday asking Why Won't Mortgage Rates Drop Below 5%?.\u00a0 Brian Brady answered the question with a supply and demand analysis and as usual, I cannot disagree with that reliable old tool (the supply and demand analysis... not Brian :) ).\u00a0 But I wonder, is there\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8492,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8492\/earth-to-nar-drop-dead-and-try-not-to-stink-up-the-place-while-youre-doing-it\/","url_meta":{"origin":1658,"position":3},"title":"Earth to NAR: Drop dead — and try not to stink up the place while you’re doing it","author":"Greg Swann","date":"May 17, 2009","format":false,"excerpt":"I haven't paid any attention to this MIBOR business, and I'm grateful to John Rowles for keeping us up to date. Anyone who is dismayed at the way things worked out should be sure to sit at my table when we have a BloodhoundBlog poker tournament: You're my kind of\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13439,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13439\/core-beliefs-and-the-middle-of-the-road\/","url_meta":{"origin":1658,"position":4},"title":"Core Beliefs and The Middle of the Road","author":"Jeff Brown","date":"October 31, 2010","format":false,"excerpt":"When it comes to core beliefs, it's difficult to take someone seriously, who claims to hold a 'middle of the road' position. This isn't about where you or I stand politically, spiritually, or any other way. Furthermore, I don't much care where you are on those subjects. I hope you\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14596,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14596\/senator-rand-paul-the-claim-of-a-right-to-health-care-implies-a-belief-in-slavery\/","url_meta":{"origin":1658,"position":5},"title":"Senator Rand Paul: The claim of a “right” to health care implies a belief in slavery.","author":"Greg Swann","date":"May 13, 2011","format":false,"excerpt":"Say what you will about the Tea Party, it's a small victory just to have words like these enunciated on the floor of Congress: This is Ayn Rand from Atlas Shrugged making the same argument:\u201cI quit when medicine was placed under State control some years ago,\u201d said Dr. Hendricks. \u201cDo\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1658"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1658\/revisions"}],"predecessor-version":[{"id":7178,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1658\/revisions\/7178"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}