I’ve posted Entry #71 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Is It a Good Idea to Call Long-Term Market Timing Something Else?
Juicy Excerpt: I believe that calling long-term market timing what it is constitutes the most direct way to get The Question That Absolutely Must Be Discussed But That Today Is Almost Never Discussed on the table. Stocks only offer a good value proposition when you pay fair price for them. That’s a compelling message. We should say it that way rather than fuss it up by going out of our way to avoid the word “timing” and by adding references to “risk management.”