I’ve posted Entry #14 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Five Forces That Will Change the Future of Stock Investing.
Juicy Excerpt: People don’t see this yet because in the grand scheme of things the idea of rooting investing analyses in data is so new an idea. In days to come, people will look back at the idea that valuations do not need to be considered in investing analyses as a fad. We will soon be entering a post-Buy-and-Hold Era in which the historical data will be used not to encourage investors to stay at the same stock allocations at all times but to encourage them to be sure to regularly revisit their stock allocations in light of changing valuation levels.