I’ve posted Entry #349 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called What Would It Take for Me to Become a Buy-and-Holder?
Juicy Excerpt: A third possibility is that some clever researcher could explore a new model that represents some sort of mix of the Buy-and-Hold and Valuation-Informed Indexing concepts. I am not able to imagine what that might be. But it is my sense that the Buy-and-Holders were not able to imagine Shiller’s findings in the days before they were published and indeed that many have not been able to integrate those findings into their own thinking on how stock investing works to this day. Unexpected things happen in this world. Perhaps something new will come along tomorrow that will replace Valuation-Informed Indexing in the way that I believe that Valuation-Informed Indexing replaced Buy-and-Hold back in 1981.