I’ve posted Entry #115 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s titled Researcher Wade Pfau Was Amazed to Learn That Market Timing Always Works.
Juicy Excerpt: If Wade Pfau did not know about this stuff, it is fair to conclude that most of the “experts” in this field do not know about this stuff. THEY DON”T KNOW. They fight like the dickens to keep this stuff covered up because they kinda, sorta suspect that they might have messed up somewhere along the line. But they don’t really know how things work.