Posts Tagged ‘Robert Novy-Marx’

Go safe or take the risks

by Published: March 13,2011

Tags: Joshua D. Rauh, MBJ FEATURE, Pat Robertson, Robert Novy-Marx

Ask a room full of economists and financial planners to create a model for funding a defined public pension plan. The lines likely will divide this way: Pension commitments are too sacrosanct to be risked on a stock market roller coaster. Shelter the money in very low-risk instruments. Look at the equities market over the […] [...]

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