I’ve posted Entry #77 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Do We Need to Have a Dominant Model for Understanding How Stock Investing Works?
Juicy Excerpt: I believe in Valuation-Informed Indexing. It doesn’t follow that you must. It might work out better for both of us if you do not. The less we agree on, the more we have to discuss, and the more we discuss, the more we are likely to learn.
Buy-and-Hold is dead!
We need quickly to replace it with –