Recent blog entries have reported on correspondence that I had with www.IndexUniverse.com in an effort to have an article on Valuation-Informed Indexing published at the site. Set forth below is the text of an e-mail that I sent to Jim Wiandt on January 29, 2008, and Jim’s response.
I’ve written an article entitled “A New Approach to ‘Staying the Course’ ” and attached it to this e-mail.
I write on an Apple, and I presume that you will not be able to read a file written in Appleworks. So I made this a text file. If there are problems reading it, let me know and I will try another format. As a backup, I copied the text of the attachment onto the bottom of this e-mail.
Please let me know what you think.
I was able to read this. This is what all the fuss is about?
All that’s got to be more about the “how” than the “what” because it seems pretty harmless to me. That doesn’t mean I agree with it- but it’s not like you’re proposing some kind of wild new idea.
Market runs at a high valuation, cut your market exposure.
Plain vanilla market timing style is what I’d call it.
I’ll send it around internally and we’ll get back to you. Matt Hougan is your proper point of contact.