I’ve posted Entry #229 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s titled Nine Reasons Why We Must Rethink Our Fundamental Beliefs About Stock Investing.
Juicy Excerpt: Investors Are Emotional. Visit a few investing discussion boards. You’ll see that what I am saying here is so. It is a troubling reality. It is investors that set stock prices. If investors are as intensely emotional as they show themselves to be everywhere on the internet where stock investing is discussed, can we count on them to set prices rationally and responsibly?