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Just as grownups do not believe in the Tooth Fairy, the Easter Bunny, or Santa Claus, "Investing adults" know that there is no such creature as the Stock-picking Fairy or the Market-timing Fairy. Further, there is no Risk Fairy who will write you cheap options that will protect your stock holdings against loss. Investing adults are familiar with Gene Fama, Zvi Bodie, Jack Bogle, and Burton Malkiel, and understand that a mean variance optimizer does not blend vegetables.
In other words, this series is not for beginners.
Future topics will, with luck, include the limits of market efficiency and diversification in increasingly nonsegmented global markets.
Customer ReviewsMost Helpful
By DS on 03-19-13
This is a valuable introduction to retirement planning, something we all have to consider as soon as we start working, to assure we aren't poverty stricken when we can least afford to be vulnerable.
3 of 3 people found this review helpful