Michel Pireu Columnist

From Ben Carlson at A Wealth of Common Sense:

In his book "The Ages of the Investor", William Bernstein describes a mythical employer named Uncle Fred who offers investors a retirement savings scheme determined by the flip of a coin. One side of the coin results in a 30% annual gain, while the other side gives you a 10% loss in a given year.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.