Valuation-Informed Indexing #712: Your Stock Investing Strategy Should Be Simple — But Not Too Simple

I’ve posted Entry 712 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s callled Your Stock Investing Strategy Should Be Simple — But Not Too Simple.

Juicy Excerpt: My objection to the idea of failing to engage in valuation-based timing is that, in a world in which valuations affect long-term returns (that’s the world we live in, according to Shiller’s Nobel-prize-winning research), that’s not staying the course. A world in which valuations affect long-term returns is a world in which stock investment risk is not stable but variable.