Editor's corner: Speculative leverage: A false cure for pension woes

Financial Analysts Journal

Volumn 66, Issue 3, 2010, Pages 6-8

  Sullivan, Rodney N ^a  

^a CFA ^*  (Australia)

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[No Author keywords available]

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EID: 78549283469     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v66.n3.4     Document Type: Editorial

References (7)

1. Samuelson once suggested that he had written some 27 articles on this idea. See, for example, "Risk and Uncertainty: A Fallacy of Large Numbers," in The Collected Scientific Papers of Paul Samuelson, vol. 1 (Cambridge, MA: MIT Press, 1966),
2. reprinted from Scientia, vol. 98 (April/May 1963):108-113.
3. See Richard M. Ennis, "The Uncorrelated Return Myth," Financial Analysts Journal, vol. 65, no. 6 (November/December 2009):6-7.
4. See James Tobin, "Toward a Theory of Market Value of Risky Assets," Review of Economic Studies, vol. 25, no. 2 (1958):65-86;
5. William F. Sharpe, "Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk," Journal of Finance, vol. 19, no. 3 (September 1964):425-442.
6. See M. Barton Waring and Duane Whitney, "An Asset-Liability Version of the Capital Asset Pricing Model with a Multi-Period Two-Fund Theorem," Journal of Portfolio Management, vol. 35, no. 4 (Summer 2009):111-130;
7. Philip H. Dybvig, "Using Asset Allocation to Protect Spending," Financial Analysts Journal, vol. 55, no. 1 (January/February 1999):49-62.