I’ve posted Entry #35 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Is Valuation-Informed Indexing Something New?
Juicy Excerpt: There are two major criticisms directed at me by my detractors.
One is that the stuff I say about investing is so crazy out-there that I am obviously in need of meds and my investing advice is so dangerous that I should be banned from the internet before I do more damage.
The second criticism is that the stuff I say is so obviously true that I am improperly tooting my own horn to suggest that I have come up with anything new.
It’s more than a little hard for me to accept that both of these criticisms can possibly be true.
Yet, amazingly enough, there is an important sense in which both claims really are so.