Ted Parkhill

09 Mar: Buy and Hold or Buy and Hope?

Following the recent ascent of the Japanese stock market, one is reminded of the risk that a buy and hold strategy may not always prove successful.

As a teenager growing up in the late 1980s, it seemed all but certain that Japan was taking over the world. Japanese investors notably bought Rockefeller Center as well as the storied Pebble Beach Golf Course for incomprehensible sums of money at the time.