“The Primary Effect of Buy-and-Hold Is to Take People’s Attention Away From the Most Important Factor Affecting Long-Term Stock Investing Success — Valuations.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Because it didn’t need a correction ( but you know that).  Don’t like it?  Then do your own study.  No one is stopping you.

It doesn’t contain a valuation adjustment, Anonymous. The evidence for that is overwhelming. It shouldn’t take 23 years to settle the matter.

If Buy-and-Hold were a real thing, there wouldn’t be any controversy re the matter. The primary effect of Buy-and-Hold is to take people’s attention away from the most important factor affecting long-term stock investing success — valuations.