I’ve posted Entry #724 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Those Who Believe Valuations Matter Should Make It a Habit to Challenge/Provoke Buy-and-Holders.
Juicy Excerpt: So we have a battle for the mind of the U.S. stock investor going on. Common sense and the peer-reviewed research tells us that timing always works and is always required. But the Buy-and-Holders say otherwise. The Buy-and-Holders have a lot of influence. Buy-and-Hold is the dominant investment strategy today. Lot of people repeat Buy-and-Hold dogmas without ever personally checking them out. The more often other investors hear these dogmas repeated, the more credibility they acquire. Lots of us today believe in a way of investing in stocks that doesn’t really make sense.
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