The Stock Market Is An Information Processing Machine
Sometimes you have to go back and reexamine the most fundamental questions. What is the stock market? We put our … Read more
Sometimes you have to go back and reexamine the most fundamental questions. What is the stock market? We put our … Read more
Buy-and-Hold is a price-indifferent strategy. That’s a criticism. That’s a complaint. That’s a condemnation. Most people don’t see it that … Read more
Markets get prices right. That’s what they do. There is a market for every product and service that you purchase … Read more
Valuations affect long-term returns. Shiller’s research shows that.But WHY? We all need to understand why for this breakthrough finding to … Read more
I am always struggling with the question of how much blame to put on the Buy-and-Holders for pushing us onto … Read more
Few are willing to violate the taboo against mentioning that the Buy-and-Hold retirement studies get the numbers wrong. But I … Read more
Todd Tressider is the owner of the Financial Mentor blog. I had an amazing conversation with him at one of … Read more
I was on a walk with a friend the other day and he asked me what is the strongest argument … Read more
There’s a price to be paid for lowering your stock allocation; stocks generally pay higher returns than other asset classes. … Read more
Do the Buy-and-Holders believe in Buy-and-Hold? Yes and no. I believe that they follow the strategy themselves. This would be … Read more
The Buy-and-Holders made a mistake when they came out with the idea that market timing/price discipline is not required when … Read more
The safe withdrawal rate is not always the same number. The 4 percent rule makes no sense. Those of us … Read more
Practice market timing (that is, lower your stock allocation when valuations go very high and increase it when valuations go … Read more
It’s a rare thing to see an article explaining how best to engage in market timing. Most of today’s investors … Read more
The Buy-and-Holders made a terrible mistake. Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns was not available at … Read more