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Rekenthaler Report

Crazy Talk, Revisited

What’s this about buy-and-hold investing being dead?

Here, I revisit a column originally published in September 2013.

Big Moves, Big Reactions
The worst investment thinking comes at market extremes. The nuttiest period in my 30-year investment memory was the peak of the New Era, in 1999-2000. "Dow Jones 36,000" was a best-seller. Morningstar technology analysts received death threats for downgrading stock ratings. The 80-year old mother of a senior Morningstar executive loaded up on CMGI, an Internet bubble company that lost 99% of its value over the next two years.