Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Looks like the land of Hocomania has just fizzled out.
We’re all always going to need to know how stock investing works. The peer-reviewed research is never going to fizzle out.
It’s amazing that Buy-and-Hold remains dominant today, I’ll give you that one. But the behavior we have seen from the Buy-and-Holders has been desperate behavior. That’s not a good sign for the long-term survival of the strategy, in my assessment.
We’ll see.
Rob


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