This column explains why investment practice diverges from his theory. Let’s begin with Samuelson’s logic. His assertion is founded on the mathematical truth that while the annualized rate of return ...

This paper re-examines two major concerns about the validity of Pascal's Wager: (1) The classical von Neumann-Morgenstern Theorem seems to contradict the rationality of maximising expected utility ...

Every week, it seems, there’s a new financial website with just the right solution for managing your money. “We’ll bucket you.” “We’ll goal you.” “We’ll de-tax you.” “We’ll balance you.” “We’ll ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Erika Rasure is globally-recognized as a leading consumer ...