Is It Mean to Tell People That Their Portfolio Is Worth Only 50 Percent of What They Think It Is Worth?
Sometimes it’s a good idea to cut through all the jibber-jabber and just make the point that needs to be … 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
It’s scary. Irrational exuberance is scary. We want to invest effectively. Everyone does. Why wouldn’t we? But this idea that … Read more
It’s not just that market timing is not bad. Market timing is good. Market timing is price discipline. Price discipline … Read more
I am working on a book that will be titled “Investing for Humans.” That’s a strange title. All books on … Read more
I completed a 12,000 word article titled “Buy-and-Hold Is Dangerous” in February 2019. It took me a long time to … Read more
I believe that the Buy-and-Hold retirement studies claiming that the safe withdrawal rate is always 4 percent are in error. … Read more
“Stocks are getting pricey. I am thinking that maybe I should take a little off the table.” That’s the sort … Read more
Say that the following language was added to the top of the first page of the all Buy-and-Hold retirement studies … Read more
The Shift from Buy-and-Hold to Valuation-Informed Indexing is an all-or-nothing thing. Unfortunately. There is something in my personality that is … Read more
Two weird ones. The Buy-and-Holders never find fault with Shiller. I have never seen that happen. Not once in 21 … Read more
I read John Bogle’s book Common Sense on Mutual Funds in the Spring of 1996. It was by reading that … Read more
Stock prices will recover. They will return to where they were before they crashed and eventually rise to new highs. … Read more
Shiller quantified what was previously thought to be non-quantifiable. That’s the advance. That’s the breakthrough. That’s the revolution. Every investor … Read more
They call Buy-and-Hold a “strategy.” But it’s not really that. Say that you needed to travel to a location 100 … Read more
When stock prices return to fair-value levels, we call it a “crash.” Crashes are violent events. Why don’t prices work … Read more