I have posted Entry #156 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Confidence in Buy-and-Hold Is a Mile Wide and an Inch Deep.
Juicy Excerpt: Why don’t the millions of middle-class investors who have their retirement savings invested in the stock market know this? If the academic community has serious doubts about the strategy that millions are following to finance their retirements, shouldn’t we be telling them about it?
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