I’ve posted Entry #125 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Rob Arnott Says My Investing Ideas Are “Sound” But That I Am Too “Strident.”
Juicy Excerpt: I recently engaged in e-mail correspondence with Former Financial Analysts Journal Editor Rob Arnott concerning the Valuation-Informed Indexing investing strategy (Valuation-Informed Indexers believe that investors MUST change their stock allocations in response to big valuations shifts to have any realistic hope of long-term investing success because this is the only means by which an investor can keep his risk profile roughly stable over time). Rob was kind enough to give me a big thumbs-up on the content side (“your ideas are sound”) and frank enough to give me a big thumbs down on the process side (“your stridency is unhelpful to your cause”).
But I am NOT strident! How dare he?
Actually, it’s probably better that he dares. I was talking to my brother Steven about holiday plans and I happened to tell him the story of Arnott’s e-mails. My brother shared Rob’s views re the stridency thing! I’m surrounded! My own flesh and blood is part of the conspiracy!