According to Eric Balchunas, a macro-type TV personality publicly stated that 'retail buy and hold' is the smart money, a view he says he has advocated for years and one that many advisors practice. Source: Eric Balchunas via X on Nov 11, 2025, https://twitter.com/EricBalchunas/status/1988230293065523371. He praised the stance and cited an FS Insight post capturing the remark, reinforcing a preference for long-term, low-churn positioning over frequent tactical trading. Source: Eric Balchunas via X on Nov 11, 2025, https://twitter.com/EricBalchunas/status/1988230293065523371; referenced post: https://x.com/fs_insight/status/1988010532264132813. For trading plans, the post underscores sticking to disciplined buy-and-hold allocations rather than market timing, consistent with his characterization of 'smart money.' Source: Eric Balchunas via X on Nov 11, 2025, https://twitter.com/EricBalchunas/status/1988230293065523371.