“The Buy-and-Holders Themselves Often Talk About Learning From the Peer-Reviewed Research. That’s Where I Picked Up the Idea. But You Can’t Consider Only Research That Supports Your Original Ideas. Sometimes Research Teaches You New and Unexpected Things.”

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

Why do you keep wasting your time with this Rob?  No one believes your delusions.  Is it to help you cope with your problems?

I think it’s an important issue. People need access to honest accounts of the what the peer-reviewed research reveals about how stock investing works.

Lots of people have spoken with great enthusiasm about Valuation-Informed Indexing. Not a majority, certainly. It’s about 10 percent of those who are exposed to the concept who speak positively about it. What if there were no abusive posting or criminal behavior on the part of the Buy-and-Holders? The 10 percent would have turned into 20 percent and the 20 percent would have turned into 40 percent and the 40 percent would have turned into 80 percent.

There’s not one person alive who doesn’t want to know how stock investing works. So permitting honest posting re the research is a win/win/win/win. The Buy-and-Holders themselves often talk about learning from the peer-reviewed research. That’s where I picked up the idea. But you can’t consider only research that supports your original ideas. Sometimes research teaches you new and unexpected things. That’s the story with Shiller’s Nobel-price-winning research showing that valuations affect long-term returns.

I believe that Buy-and-Hold is the past and that Valuation-Informed Indexing (which is Buy-and-Hold updated to reflect Shiller’s amazing research findings re valuations) is the future.

We’ll see.

Rob