I’ve posted Entry #112 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s titled Professor Abandons Breakthrough Research Following Threats by Buy-and-Holders.
Juicy Excerpt: Wade found that everything that John and I had discovered together checked out. Valuation-Informed Indexing is far superior to Buy-and-Hold, according to the 140 years of return data available to us today. Wade’s research (now published in peer-reviewed journals) showed that Valuation-Informed Indexing provided higher returns than Buy-and-Hold at reduced risk for 102 of the 110 rolling 30-year time periods now in the historical record.
Forget for a moment that you are a normal human being. Assume that you are a Buy-and-Hold Goon desperate to keep people from learning the realities of stock investing. What would you do at this point?