We Know Little About How Irrational Exuberance Works
Irrational exuberance is a strange phenomenon. That word “irrational” is disturbing. Shiller was writing about stock investing in his book. … Read more
Irrational exuberance is a strange phenomenon. That word “irrational” is disturbing. Shiller was writing about stock investing in his book. … Read more
Valuation-Informed Indexing is Buy-and-Hold with Valuation-based market timing added to the mix. Valuation-Informed Indexers don’t go with the same stock … Read more
Are stock investors 100 percent rational? Or are they 100 percent emotional? Or are they a mix, rational in some … Read more
It’s not logic that persuades the human mind. It’s repetition. There was a time when people accepted slavery. No logical … Read more
Shiller revolutionized our understanding of how stock investing works with the publication of his Nobel-prize-winning research showing that valuations affect … Read more
Buy-and-Hold is not a research-based strategy. I once believed that it was. I was once a Buy-and-Holder myself because I … Read more
I believe that the people who developed the Buy-and-Hold stock investment strategy made a mistake. The Buy-and-Holders often advise investors … Read more
Many people believe that there’s research showing that market timing doesn’t work. There isn’t. It’s a myth. There’s research showing … Read more
The Buy-and-Holders got a lot of things right. I believe that they made a terrible mistake in thinking that valuation-based … Read more
Stock investing is a solitary endeavor. The purpose is to finance your personal old-age retirement. It is your job to … Read more
Buy-and-Hold is nothing new. The term is relatively new. But the idea has been around for as far back as … Read more
Stock investing is a cereal business. No! No! It is a serious business. Why did I say it that other … Read more
Robert Shiller was awarded a Nobel prize in 2013. It was for his 1981 research showing that valuations affect long-term … Read more
My Buy-and-Hold critics do not post in good faith. They have zero desire to learn. They want to suppress learning. … Read more
Sometimes it’s a good idea to cut through all the jibber-jabber and just make the point that needs to be … Read more