I’ve posted Entry #103 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Our Political Problem Is Really an Investing Problem.
Juicy Excerpt: Buy-and-Hold caused our economic and political troubles too.
When stock returns are bad, people become afraid to spend money. That contracts the economy. Tens of thousands of businesses fail. Millions of workers lose their jobs.
And when millions of workers lose their jobs, political tensions are exacerbated. Liberals start yelling at conservatives and conservatives start yelling at liberals. I don’t mean like they usually do. I mean louder. Meaner. It’s a mess.