A Buy and Hold Strategy:

According to Investopedia Buy & Hold is a passive investment strategy in which an investor buys stocks and holds them for a long period of time, regardless of fluctuations in the market. An investor who employs a buy-and-hold strategy actively selects stocks, but once in a position, is not concerned with short-term price movements and technical indicators.

This is opposed to the market timers who think you can trade in and out of the market when they get signals from various fundamental of technical indicators.

The key to buy & hold is that it depends on what you buy and hold.

Back in April 2012 the Getting Technical market letter set up a Canadian Multi-Nationals Buy & Hold portfolio (GT letter April 27 2012 #GT1374) based on the assumption that most TSX listed multi-nationals would, over the long term outperform the broader stock indices. At the close November 8, 2013 the selections have returned 62% outpacing the TSX Composite and the S&P500 by a wide margin