I’ve posted Entry #235 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called 20 Dangerous Investing Myths — Part One.
Juicy Excerpt: The Awarding of the Nobel Prize to Shiller Reflects His Great Influence in the Field. People obviously like and respect Shiller. But his practical influence on the strategies promoted by the big-name experts has been just about nil. I often ask Buy-and-Holders to tell me one way in which John Bogle has changed his investing advice as a result of what we have learned from Shiller’s research. No one has been able to point me to one change in what Bogle says or in what just about anyone else says that came about because of Shiller’s “revolutionary” (his word) findings.
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