I’ve posted Entry #157 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Google’s Panda/Penguin Update Shows Us Where Opinion on Buy-and-Hold Is Headed.
Juicy Excerpt: The company didn’t know that Google was going to change the rules. It obviously didn’t intend for these businesses to fail. The people with the failed businesses knew that some of the strategies they were employing were dubious. But now they are mad. Not a little mad. Very mad.