I’ve posted Entry #101 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Why Do So Few Blame Buy-and-Hold for the Economic Crisis?
Juicy Excerpt: We all played a part in causing this crisis. Even those of us who refused to buy stocks at insanely high prices failed to speak up against the bull market in clear and firm and bold terms. We are not idiots. We knew the crazy bull prices couldn’t be real. Now we look at the human misery we have caused and want to kick ourselves. The last thing we want to do is to examine the role we played in bringing on this mess