On Monday night, the Fast Money crew talked about the death of buy-and-hold investing. I agree that as a strategy, it's in intensive care, but I'm not so sure it's quite dead yet.
First, whenever people start talking about the death of something, particularly with investing, it often the moment it's about to surge. The classic example of this is Business Week's "Death of Equities" cover from 1979.
The other reason for my skepticism is a misunderstanding of the arguments for buy-and-hold. I often hear people say, "Ha! The market's down! Where's your buy-and-hold NOW?" continued
by Eddy Elfenbein | 11/12/08
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