I’ve posted Entry #49 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called The “Inflammatory” Stock Investing Realities.
Juicy Excerpt: A high percentage of the community that meets at the Vanguard Diehards board (now the Bogleheads Forum) was very upset with things I said. But was it my words that caused such emotional discomfort to the Buy-and-Holders? Or was it that my words reported on the 30 years of academic research backing up Shiller’s finding that valuations affect long-term returns?
It’s this Shiller fellow who is the real troublemaker. I’m just a mild-mannered reporter who lets people know the realities as revealed to us by the academic research of the past three decades. Here are five Shiller insights the discussion of which I promise will get you banned from Morningstar, Bogleheads or any other discussion board at which a good number of Buy-and-Holders congregate:
feed twitter twitter facebook