I’ve posted Entry #155 to my Valuation-Informed Indexing column at the Value Walk site. It’s called Critics of Buy-and-Hold Need to Form Communities Where Their Criticisms Are Fully Developed.
Juicy Excerpt: I argued in one of my e-mails to Joachim that: “People are social animals. They need to hear others endorse an idea to have confidence in it. It would make a huge difference if there were a place where people could go to find that lots of knowledgeable folks believe in these ideas. There is huge power in community.”
Joachim agreed. He said:”I will keep my eyes and ears open. If you want to start such a [community] yourself, you can count me in as a contributor.”
I am putting this one high on my list of important projects to which I need to devote some time over the next year or two. It’s not enough for a small number of us to have learned what we need to learn to break free of the misconceptions of the Buy-and-Holders. We need to create a community in which our ideas can be openly discussed and refined and challenged and improved if Valuation-Informed Indexing is to achieve its true potential. I think that the time will soon be ripe for this initiative, if it is not already.