Life-Cycle Investing
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Investing is the activity of forecasting the yield over the life of an asset. Using Benjamin Graham’s definition, "an investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."
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Submitted by tom on
Zvi Bodie is absolutely one of the most honest and refreshing voices in finance and economics. Professor Bodie also happens to be an advocate of life-cycle investing.
A recent interview with Bodie is highly recommended and available in U.S. News & World Report.
Highlights from the interview include:
Business Week just ran a timely cover story on the post-financial crisis retirement landscape. Portions of the feature present a remarkable contradiction. While there is a clear endorsement of...