DFA CEO David Booth Discusses the importance of balancing volatility risk and purchasing power risk when investing for retirement. Booth explains that T-bills have not produced the real returns necessary to preseve living standards over the long haul, and illustrates how investors can manage both types of risk through an appropriate commitment to stocks.
Peter L. Bernstein passed away on June 5 at the age of 90. Mr. Bernstein eloquently chronicled the birth and evolution of modern financial theory and practice. He made the complex theories and personalities behind these developments accessible and understandable to readers. We highly recommend his excellent works Capital Ideas: The Improbable Origins of Modern