Valuation-Informed Indexing #459: The Good Side of Buy-and-Hold

I’ve posted Entry #459 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Good Side of Buy-and-Hold.

Juicy Excerpt: The thing that I like most about Buy-and-Hold is that it is the first investment strategy that at least purports to be rooted in science. The big problem in this field is that there is so much money to be made that people who work in the field are tempted to permit marketing considerations have too much influence over the advice they offer. The Buy-and-Holders showed us the way out of that trap by arguing that investment strategies should be rooted in peer-reviewed research. I fault them for not acknowledging Shiller’s “revolutionary” (his word) research from 1981 forward. But we need to give the Buy-and-Holders credit for making the case that peer-reviewed research matters. At least they have prepped the field for the acceptance of better approaches down the line a bit.