I’ve posted Entry #94 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s titled Is Wall Street’s Affinity for Buy-and-Hold Profit Driven?
Juicy Excerpt: Buy-and-Hold causes bull markets. Bull markets cause price crashes. Price crashes cause investors to flee the market. If all Wall Street cared about were the fees it earns, it would not want investors following Buy-and-Hold strategies.