John Bogle maintains his firm belief that a buy and hold strategy combined with low cost index funds results in the only reasonable approach for the individual investor:
"Of course buy and hold is the thing to do. A genius like Jim Cramer hasn't gone anywhere for 10-14 years and few [managed] mutual funds have beaten the market indices during the same period. It's just market timing, and your good market timing is my bad market timing. [We invest within] a totally illogical system where we move money around and the middlemen--or what Warren Buffett calls the "helpers"--are the only ones getting wealthy."
Source: Morningstar
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