Mauldin: This Time It Really Is Different (Sort Of)

In his latest “Thoughts from The Frontline” newsletter, John Mauldin makes a pretty bold proclamation that goes against a long-held principle of investing — this time, he says, things really are different. “If memory serves me, I have written several e-letters disparaging various personages who have uttered those very words, and gone one to confirm later that it wasn’t different,” Mauldin writes. “It almost never is. … But my premise for uttering the heresy ‘This Time It’s Different*’ is that the fundamental nature of the economic landscape has so changed that comparisons with post-WWII recoveries is at best problematical and […]

Oberweis: Don’t Ditch Buy-and-Hold

While buy-and-hold investing continues to draw criticism from some pundits, money manager and newsletter guru Jim Oberweis begs to differ. In a recent interview with The Motley Fool, Oberweis says that buy-and-hold is alive and well, because timing the market remains an incredibly difficult task. “Show me some quantitative evidence that someone’s right, and then I’m interested,” Oberweis said in response to the buy-and-hold bashers. “I’m a numbers guy. I don’t know anyone who has been able to time short-term fluctuations in the market over long periods of time and make a lot of money doing so. That’s why I […]

Bogle on What “Long-Term” Really Means, and Stock-Picking Dangers

Jack Bogle covers a wide variety of topics in a recent interview with The Motley Fool, including just what the “long-term” in “long-term investing” should mean, why traders usually lose out, asset allocation, and whether the S&P 500 is a “good” index. Bogle’s belief that that the best approach for individual investors is to hold the entire stock market for the long term through an exchange-traded fund or index fund is well known, and he reiterates it in the interview. But he also offers some other interesting takes on investment strategy and investor psychology. Here are some of his thoughts […]

Bogle on Valuations, the Economy, and Where to Invest Now

In a recent interview with MarketWatch, John Bogle says he thinks the market “probably has it about right” in terms of current valuations, but adds that investors should expect slower growth than they’ve grown accustomed to when the economy does turn around. “I would guess the market probably has it about right,” Bogle said. “I would guess that we have seen the low for the year and maybe the low for this cycle. … I’m no expert, but as far as I can tell the economy is leveling off right now and may have a little further to go down, […]

Hedge Fund Guru: Buy & Hold Far from Dead

Is buy-and-hold dead? Lloyd Khaner, whose hedge fund has a successful two-decade track record, tells that he doesn’t think so — though he says successful implementation of a buy-and-hold approach isn’t as simple as many assume. “Buy and hold for the smaller, individual investor is not gone,” says Khaner, whose Khaner Capital fund (which does not use leverage) has posted positive returns in 15 of the last 18 years and is ahead of the S&P 500, after fees, for the past year, three years, five years, ten years, fifteen years, and eighteen years, according to Forbes. “As a matter […]