Who is Red John?

Theories of olc (1)

in my opinion RJ is Walter Mashburn because 1)from all the other suspects is the one that seems to be the least smart one to be RJ 2) he is so happy
 when he is around P.J. and he trusts him 3)the meaning of walter's name is "ruler of the army".4) he is rich and he has connections

Argue on this theory or rate it.
plausible
unlikely
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