I’ve posted Entry #77 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called How Big an Advance Is Valuation-Informed Indexing?
Juicy Excerpt: Most advances in knowledge are of the building block type. But not all! We have been fooled into thinking that huge steps forward are not possible in the investing field. We need to rearrange our perceptions. We need to at least consider the possibility that those of us kicking around today are living through the days in which the greatest advances in investing history will be achieved. We should be excited! Skeptical, yes. But excited too.