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Bogle: Buy and Hold Is Eternal

The Vanguard founder and former chairman addresses the notion that buy and hold is dead.

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Dan: There have also been a lot of people who have said, given all the uncertainties, it doesn't make sense to adhere to a buy and hold strategy and that you have to be more strategic.

I think in one of your books you even mentioned Peter Bernstein in recent years has ascribed to this philosophy. Is buy and hold dead as a discipline, strategy, or tactic?

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.