I’ve posted Entry #55 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Four Proofs.
Juicy Excerpt: If the New York Yankees beat the Boston Red Sox in 102 of 110 match-ups, we would not say that the Yankees were experiencing a lucky streak. We would say that the Yankees possess superior pitching or superior hitting or perhaps both. The entire historical record of stock investing in the United States shows that Valuation-Informed Indexing is superior to Buy-and-Hold. That’s not opinion. That’s objective fact.