I have recently written about the demise of buy-and-hold investment strategies sold under names such as asset allocation, passive investing, index investing, Modern Portfolio Theory, etc., etc. However, there are those in the financial services industry who are trying to revive this relic of a bygone bull market. This week, I'm going to take on those who support buy-and-hold strategies, and tell you why they may have vested interests that won't allow them to let go of this failed investment strategy. I'll also update the performance of two of the actively managed programs I wrote about in 2008. I encourage you to take out your year-end investment account statements and compare them to these programs....