Only Those Who Engage in Market Timing Are Truly Following a “Strategy”
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
Rob Bennett
The Stock Market Craves Information It Has Been Denied
When stock prices return to fair-value levels, we call it a “crash.” Crashes are violent events. Why don’t prices work … Read more
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
Buy-And-Hold Is A Price-Indifferent Strategy – That’s Not Good!
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
The Thing That Permits Markets to Get Prices Right Is the Natural Tension Between Buyers (Who Seek Low Prices) and Sellers (Who Seek High Prices)
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 – But Why?
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
Did the People Who Developed Buy-and-Hold Understand That Market Timing Is Price Discipline?
I am always struggling with the question of how much blame to put on the Buy-and-Holders for pushing us onto … Read more
A 4 Percent Withdrawal Rate Has Been a High-Risk Bet Several Earlier Times in U.S. History
Few are willing to violate the taboo against mentioning that the Buy-and-Hold retirement studies get the numbers wrong. But I … Read more
Giving Accurate investment Advice Is Not Enough – We Need to Come to Terms with the Buy-and-Hold Cover-Up
Todd Tressider is the owner of the Financial Mentor blog. I had an amazing conversation with him at one of … Read more
If There Are Times When Market Timing Does Not Work As Well As It Usually Does, There Are Also Times When It Works Better Than It Usually Does
I was on a walk with a friend the other day and he asked me what is the strongest argument … Read more
Stock Investing Questions: Which Ones Require More Research?
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?
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
At What Point Does a Mistake Become a Scam?
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 Fact That People Still Push the Long-Discredited 4 Percent Rule Shows the Irrationality of Buy-and-Hold
The safe withdrawal rate is not always the same number. The 4 percent rule makes no sense. Those of us … Read more
Most People Don’t Appreciate How Important Market Timing Is Until They Think About It a Bit
Practice market timing (that is, lower your stock allocation when valuations go very high and increase it when valuations go … Read more