Ian Ayres is an economist, a lawyer, and the William K.
Townsend Professor at Yale Law School. He has written for the New
York Times, Wall Street Journal, Financial Times, Slate, and The
New Republic, and his research has been featured on PrimeTime Live,
Oprah, and Good Morning America. He is the author of ten books,
including the bestseller Super Crunchers. A graduate of Yale and
MIT, he was recently elected to the American Academy of Arts and
Sciences. He lives in New Haven, Connecticut.
Barry Nalebuff is the Milton Steinbach Professor of
Economics and Management at Yale School of Management. He is the
author of fifty scholarly articles and multiple books--including
Co-opetition and The Art of Strategy--and is the cofounder of
Honest Tea. A graduate of MIT and a Rhodes Scholar, he earned his
doctorate at Oxford University. He lives in New Haven,
Connecticut.
Robert Shiller, author of Irrational Exuberance
" A most provocative book. The real advantages of time
diversification have never been laid out so clearly or with such a
program of action."
Tim HarfordFinancial Times
"Here are the chief investment lessons of the financial crisis for
today's young people: they should be buying more shares and running
up debts to do so. . . . [T]here is nothing intrinsically risky
about regular borrowing to get that fund off to an early start. . .
. Not only does the concept make sense, it has paid off in the
past. . . . Ayres and Nalebuff have looked at historical stock
market data. . . . For every single cohort, the early leverage
strategy beat the conventional wisdom."
Moshe A. Milevsky, Ph.D., Finance Professor, York University, and
author ofAre You a Stock or a Bond?
"This bold book promotes more early equity exposure for the masses,
precisely at a time when many practitioners are re-thinking the
'buy and hold stocks for the long run' mantra. Whether you are
comfortable with this strategy or not, the book is a must read for
anyone who claims to think about their personal finances in a
rigorous and logical manner."
Robert Shiller, author of "Irrational Exuberance"
" A most provocative book. The real advantages of time
diversification have never been laid out so clearly or with such a
program of action."
Tim Harford"Financial Times"
"Here are the chief investment lessons of the financial crisis for
today's young people: they should be buying more shares and running
up debts to do so. . . . [T]here is nothing intrinsically risky
about regular borrowing to get that fund off to an early start. . .
. Not only does the concept make sense, it has paid off in the
past. . . . Ayres and Nalebuff have looked at historical stock
market data. . . . For every single cohort, the early leverage
strategy beat the conventional wisdom."
Moshe A. Milevsky, Ph.D., Finance Professor, York University, and
author of"Are You a Stock or a Bond?"
"This bold book promotes more early equity exposure for the masses,
precisely at a time when many practitioners are re-thinking the
'buy and hold stocks for the long run' mantra. Whether you are
comfortable with this strategy or not, the book is a must read for
anyone who claims to think about their personal finances in a
rigorous and logical manner."
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