I’ve posted an article to the “The Buy-and-Hold Crisis” section of the site titled Corruption in the Investing Advice Field — The Wade Pfau Story.
Juicy Excerpt: This article should be read in conjunction with the article titled Academic Researcher Silenced by Threats to Get Him Fired From His Job After Showing Dangers of Buy-and-Hold Investing Strategies. Both articles explore the same material — the 137 blog entries at the A Rich Life blog reporting on the breakthrough findings of Academic Researcher Wade Pfau showing that for the entire 140 years of stock market history for which we have available to us stock-return data Valuation-Informed Indexing strategies have provided far higher returns than Buy-and-Hold strategies at greatly reduced risk. The earlier article told the story of Wade showing his excitement in discovering how stock investing really works, his disillusionment in learning how publishing accurate research would limit his career prospects for so long as Buy-and-Holders retain the power to block honest discussion of the realities and his decision to flip to the dark side after internet Goons threatened to send defamatory e-mails to his employer as his “punishment” for acknowledging the need for retirement studies that get the numbers millions of us have used to plan our retirements wildly wrong to be corrected. This article collects in one place links to all of my blog entries reporting on Wade’s research and on my e-mail correspondence with him, supplemented by my commentary on them.