Valuation-Informed Indexing #481: Our Ongoing Study of How Stock Investing Works Is Not Taking Place in a Controlled Environment

I’ve posted Entry #481 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Our Ongoing Study of How Stock Investing Works Is Not Taking Place in a Controlled Environment.

Juicy Excerpt: That ain’t science! Science is a quest for truth. True scientists don’t ignore evidence that they have made a mistake, they welcome challenges to their tentative conclusions that might help them to discover more productive paths of inquiry. Had the Buy-and-Holders took Shiller’s “revolutionary” (his word) findings to heart back in 1981, when he published them, Buy-and-Hold would be a very different and much more effective strategy today.