I’ve posted Entry #5o to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called “Approximately True” Investing Advice Doesn’t Cut It Anymore.
Juicy Excerpt: How are we going to hold back the crowds anxious to make a speedy transition from Buy-and-Hold to Valuation-Informed Indexing?
There are no crowds! People hate Valuation-Informed Indexing. I am the concept’s leading promoter on the internet and it is more common for me to be greeted with bricks thrown in my direction than with welcoming committees. How come? What’s going on?
One big problem is that most promoters of Valuation-Informed Indexing take far too apologetic a tone when making the case. I point you to a comment Shiller makes in his book Irrational Exuberance that I think should strike anyone persuaded by Shiller’s case as polite to the point of excess, perhaps even outright odd.