Posted by Davy Bui on June 25th, 2009 in Worth Reading (links to articles, etc.)
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Michael “Mish” Shedlock writes a widely followed blog on macro economic and market trends called Mish’s Global Economic Trend Analysis (that’s a mouthful). You’ll find it in my blogroll, which means I read it regularly. Well, Mish weighs in with his thoughts on long-term buy-and-hold:

Long-term Buy-and-Hold Is Still Bad

Obviously, Mish has a different viewpoint than the one I expressed in a recent post. But I think it is important make a distinction between long-term buy-and-hold, say, as advocated by Jeremy Siegel of Stocks for the Long Run fame, versus value investing, which is usually also associated with buy-and-hold.

In any case, regular readers know I give credence to both trading and investing strategies — I simply choose a value-oriented philosophy because it suits my temperament. I present Mish’s opinion to flesh out the issue more fully and leave it to readers to find their own path to investment success.