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Arnold Van Den Berg: "Buy and hold" or "buy index" does not work

March 13, 2005

Arnold Van Den Berg thinks that the current stock market is way overvalued. He has been selling stocks and accumulating cash, and waiting for buying opportunities. He used the example of the stock market from 1965 to 1982 to show that investors who adhered to the ?buy and hold forever? strategy, as well as those who believed that buying an index was the only way to go regardless of the fundamentals, made virtually no money. He argues that for those investors who bought and sold individual stocks based on fundamentals, discipline, and value, there were numerous opportunities to make great profits during this same period.

http://www.centman.com/PDF/ValueInvDec2004.pdf

Rating: 3.5/5 (6 votes)

Comments

gurufocus
Gurufocus premium member - 8 years ago
The link:

[www.centman.com]

Sorry for the confusion! Please let us know where the frustration is. Thanks!
moneyair
Moneyair - 8 years ago
Arnold Van Den Berg thinks that the current stock market is way overvalued. He has been selling stocks and accumulating cash, and waiting for buying opportunities. He used the example of the stock market from 1965 to 1982 to show that investors who adhered to the buy and hold forever strategy, as well as those who believed that buying an index was the only way to go regardless of the fundamentals, made virtually no money. He argues that for those investors who bought and sold individual stocks based on fundamentals, discipline, and value, there were numerous opportunities to make great profits during this same period.

ValueGuy2
ValueGuy2 - 8 years ago
I believe you referenced this Dec 2004 PDF before. Arnold is alway a good read. Do you have the latest 2005 edition?
biscosc
Biscosc - 8 years ago
All I see listed on their website is the 12/2004 edition. If you have a new addition I would love to read it.

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