Valuation-Informed Indexing #417: Three Comments That Reveal the Buy-and-Hold Mindset

I’ve posted Entry #417 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Three Comments That Reveal the Buy-and-Hold Mindset.

Juicy Excerpt: My take is that Shiller really did start a revolution in our understanding of how stock investing works. Joe takes the more conventional view. He is not hotly opposed to hearing Shiller’s ideas explored, as are some of my critics. But he is not nearly as enthusiastic about the project as I am. He is complacent. He is not certain that Buy-and-Hold is the last word in investing analysis. But he does not feel any burning need to find a replacement for it. He is opened-minded about the subject but not intense about it. I think that that’s the view of most Buy-and-Holders and that that is why we will not see Valuation-Informed Indexing become more popular until a price crash causes many more investors to adopt a less complacent attitude.