The Case for Buy-and-Hold

I am not a Buy-and-Holder. Buy-and-Hold encourages people to believe that irrational exuberance (stock gains that are rooted only in investor emotion and that thus never last) is real. I...

I am not a Buy-and-Holder. Buy-and-Hold encourages people to believe that irrational exuberance (stock gains that are rooted only in investor emotion and that thus never last) is real. I...