Lootman wrote:It is certainly interesting that HYP and only HYP gets a safe space and immunity from criticism, and no other investment strategy here gets that privilege.
Perhaps back in the TMF days, when that site was run for profit, and it deemed it as appropriate to give pyad a vehicle to market his tipsheet, that that made economic sense. But does TLF feel that same loyalty? And if so, why?
But perhaps your analogy of HYP as a faith-based form of investing makes sense. And I liked your other analogy of the sluggard-waker. I was just thinking that that reminds me of the Zen practice of a big stick to awaken us from dogmatic slumbers. And then there it was in the footnote of your citation!
Well that
immunity is only within the walls of HYP-P. You/We can criticise HYP to our heart's content almost everywhere else on this site. HYP-P gets this treatment because that is how it ended up on TMF and we initially simply mapped the TMF boards (with many omissions). The whole chaos and disgruntlement of having HYP and other high-dividend-yield investing on one board all happened on TMF, and for all its faults the splitting settled many issues. Let us not forget this.
I think TLF's loyalties lie generally with its users. Quite a few run some kind of HYP (or they have a morbid fascination with those that do) so it would seem, well to me anyway, to be counter-productive to remove the meeting place just because there is no associated tipsheet. Even the high-priest pops in from time to time. What's not to love?
As for whether HYP practitioners are being dogmatic, well I'm not convinced. If they/we were to say you are wrong, HYP is the only way, then I might agree. But they/we usually say this is what we are doing, if you don't like it move on. (Doubtless there will be odd exceptions, but in the main I feel this is accurate.) C.