I’ve posted Entry #21 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called What Buffett Isn’t Telling Us, At Least Not Loudly.
Juicy Excerpt: Buffett keeps it vague. Thus, it’s easy for people hearing his words to ignore what he says. By delivering the message in the way he does, Buffett avoids making people mad. I put the reality that valuations affect long-term returns in people’s faces. That’s why controversy follows me wherever I go.