Cecil

Is Buy-and-Hold Dead? Hardly

Buy-and-Hold has been dead since the 2000 market peak. I think you're forgetting to account for the fact that investors who buy and hold will need to spend their money at some point. If you can sit patiently for 20 years or more, buy and hold might be just the thing for you. But for the rest of us, return OF capital is more important than return ON capital. This requires getting out of the way of prolonged bear market cycles.