I’ve posted Entry #304 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Nine Rules for Exercising Price Discipline When Buying Stocks — Part One.
Juicy Excerpt: Many investors are not impressed by the 35 years of peer-reviewed research showing that long-term predictions always work. There is great interest in short-term predictions — experts in this field continue to offer them on a daily basis despite the mountain of research showing that they don’t work because the demand for short-term predictions is insatiable. Oddly, the interest in long-term predictions — the type that can be made effectively — is limited. The five calculators show the great value of long-term predictions.