Mark Thoma, a professor of the dark art/science who teaches economics at the University of Oregon, neatly summarizes what everyone knows and few discuss: you can persuasively make a case for just about anything in the dismal science, but proving it is something else. Meantime, it’s all about organizing facts.
Daily Archives: September 13, 2010
BUY & HOLD, ASSET ALLOCATION AND REBALANCING
Is the buy-and-hold portfolio strategy dead? Morningstar has been discussing the question lately, and the answer is that, well, it’s complicated.