I’ve posted Entry #114 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called There Are 12 Trillion Reasons Why Buy-and-Hold Became So Popular.
Juicy Excerpt: We live in a society in which all sorts of ideas compete with each other for the hearts and minds of the people in a position to determine which ideas come to dominate and which come to be viewed as failures. I don’t like it that Valuation-Informed Indexing can properly be termed a failure in marketing terms for the ten years for which I have been pushing it. The full reality, though, is that $12 trillion is a lot of money. $12 trillion wins over a lot of hearts and minds.
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