Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised

Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised

by Moshe A. Milevsky Ph.D.

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Product Details

ISBN-13: 9780133115321
Publisher: Pearson Education
Publication date: 09/21/2012
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 256
File size: 5 MB

About the Author

Moshe A. Milevsky, Ph.D., is a professor at the Schulich School of Business and a member of the graduate faculty of the Department of Mathematics and Statistics at York University in Toronto (Canada). He has lectured at the Wharton School of Business at the University of Pennsylvania, the London School of Economics (UK), University of New South Whales (Australia), ORT University in Montevideo (Uruguay), University of Cyprus, University of Leuven (Belgium), and Goethe University (Germany).

He is a 2002 Fellow of the Fields Institute for Research in Mathematical Sciences. In 2003 he received two National Magazine (Canada) awards for his popular writing on personal finance. In 2006 he received a Graham and Dodd scroll award from the CFA Institute for an article in the Financial Analysts Journal . In 2008, he was honored with a lifetime achievement award from the Retirement Income Industry Association, and in 2009 he was selected as an MDRT Main Platform speaker.

Prof. Milevsky has published ten books, more than 60 peer reviewed research papers, and more than 200 popular magazine and newspaper articles. He currently lives in Toronto, but grew up in Baltimore, New York, Mexico City, and Jerusalem. He is married with four daughters. Follow him on Twitter at

Table of Contents

Preface to the Second (Revised) Edition     xiv
Introduction: Pensions Are Dying; Long Live Pensions     1
Chapter 1: You, Inc.     13
Chapter 2: Insurance Is a Hedge for Human Capital     37
Chapter 3: Diversification over Space and Time     55
Chapter 4: Can Debt Be Good at All Ages?     85
Chapter 5: Personal Inflation and the Retirement Cost of Living     103
Chapter 6: Sequence of Investment Returns     115
Chapter 7: Longevity Is a Blessing and a Risk     137
Chapter 8: Spending Your Retirement in a Risky World     149
Chapter 9: Annuities Are Personal Pensions     165
Chapter 10: Product Allocation Is the New Asset Allocation     187
Chapter 11: Conclusion: Plan for Managing Your Retirement Risk     207
Appendix: Additional References and Notes     217

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Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised 3 out of 5 based on 0 ratings. 1 reviews.
PDickens More than 1 year ago
As a former investment advisor, I was very familiar with Milevsky's name and many of his articles and newsletters. I was interested in reading this book to get a fresh perspective on balancing my own family's finances (as well as clients if/when I return to the business.) For my purposes, I thought the book was great. For people who consider themselves financial and insurance novices (or worse), this book could be over your head, or at least a bit too detailed and should not be among the first few books you read. It was a very fast read, fairly comprehensive, and good for a brush up on financial planning.