More Thinking About Market Timing Leads to More Thinking About Market Timing
Most people put the market timing concept in a box. Most don’t think it’s a good thing. But even those … Read more
Most people put the market timing concept in a box. Most don’t think it’s a good thing. But even those … Read more
I have been a journalist for my entire working life. But I changed the subject that I cover about halfway … Read more
Robert Shiller’s Nobel-prize-winning research findings are amazing. He showed that valuations affect long-term returns. That means that stock investing risk … Read more
Irrational exuberance – it’s a bad thing. Shiller’s book title does not have an exclamation point at the end. It’s … Read more
It’s not just Robert Shiller who says that stock prices revert to the mean. John Bogle said that in his … Read more
People have doubts about Buy-and-Hold. LOTS of people have doubts. But you don’t hear them express them very often. If … Read more
The mistake that the Buy-and-Holders made in thinking that market timing is not 100 percent required for every investor is … Read more
The conventional safe withdrawal rate studies claim that the safe withdrawal rate is always the same number and that that … Read more
There are two big historical events that took place in 1929. One was the beginning of the Great Depression. The … Read more
The safe withdrawal rate is 4 percent. You hear Buy-and-Holders say that all the time. The idea is that a … Read more
Think what it means for irrational exuberance to be a real phenomenon, as Robert Shiller’s Nobel-prize-winning research shows to be … Read more
I was once very popular. No – really! From May of 1999 through May of 2002, I posted on the … Read more
I’m a big believer in market timing. Not short-term timing, to be sure. To engage in short-term timing is just … Read more
There once was a time when it was widely believed that the stock market was “efficient.” This is something that … Read more
People spend more when stock prices are high. It’s so obvious that it’s a silly thing to say. But I … Read more