I’ve posted Column Entry #33 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called My Weight Problem and Your Investing Problem.
Juicy Excerpt: I don’t think that those of us who follow valuation-informed investing strategies are better in any ultimate sense than those who do not. I certainly believe that the strategies are more effective. But we have our fears that cause us to entertain our fantasies too (it is fantasy thinking for me to persuade myself even for a few moments that eating another chocolate chip cookie is going to solve any of my problems). We’re the same as all the other humans except that we’ve mastered some things that the other humans have not yet mastered (just as they have mastered some things that we have not yet mastered).