I’ve posted Entry #239 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Every Bull Market Requires a Conspiracy.
Juicy Excerpt: Shiller showed that stock investing risk is not constant but variable. It is possible today to develop tools that would permit investors to reduce the risk of stock investing by 70 percent just by showing them the extent to which they need to adjust their stock allocations in response to valuation shifts to keep their risk profiles roughly constant. Experts could make millions developing and promoting and selling such tools. Why have they let the opportunity pass them by?