I’ve posted Entry #51 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Am I Crazy for Saying What I Do About the Stock Market?
Juicy Excerpt: The first argument in support of the claim that I am crazy is that I put forward such outrageous claims. I don’t just say that Buy-and-Hold has a few flaws, I describe it as the most dangerous Get Rich Quick scheme ever concocted by the human mind. I say that the promotion of Buy-and-Hold caused the economic crisis. I say that Valuation-Informed Indexers take on only one-fifth of the risk taken on Buy-and-Holder and yet earn higher returns. There is not anyone else alive on Planet Earth making these claims today. When one person’s claims are that far removed from the norm, it is evidence that that person is crazy.