Investing for the long term in high dividend yield value stocks

I have been advocating the benefits and importance in investing for the long term, especially in high dividend yield value stocks. My earlier strategy in buying and selling in short span of time was mainly for quick contra gains and I thought can be risky at times - certainly not for the weak heart.

For a safer and more stable investments, I believe in buy-and-hold strategy. Looking through financial reports of companies is extremely important to have an idea of their financial health, cash flows, future growth, corporate governance and dividend yields (both historical and future) before committing monies in any company.

The below article discusses just why buy-and-hold strategy works. I share the same sentiments.

What's Right with Buy-and-Hold? [via]