I’ve posted Entry #669 to my weekly Valuation-Informed Indexing column at the Value Walk site, It’s called Did the People Who Developed Buy-and-Hold Understand That Market Timing Is Price Discipline?
Juicy Excerpt: I find it hard to believe that a group of people developing the Buy-and-Hold concept got together in a room and that one of them made a little speech about how they should pretend that they believed that market timing was not required even though it obviously was and that all of the others applauded. My Goon friends often accuse me of believing in conspiracy theories. That would be a conspiracy theory.
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