PT  - JOURNAL ARTICLE
AU  - Ian Ayres
AU  - Barry Nalebuff
ED  - Massar, Betsy
TI  - Practical Applications of Diversification Across Time
AID  - 10.3905/pa.2014.1.4.035
DP  - 2014 Apr 30
TA  - Practical Applications
PG  - 1--4
VI  - 1
IP  - 4
4099  - https://pm-research.com/content/1/4/1.3.short
4100  - https://pm-research.com/content/1/4/1.3.full
AB  - Diversification Across Time Ian Ayres Barry Nalebuff Most investors may have too little diversification across time and too little exposure to the stock market when they’re young, even when they are diversified across assets. “Investors would do a better job to spread exposure to the stock market across their working lives,” says Ian Ayres a Professor at Yale University’s Yale Law School . Diversification Across Time , offers some practical techniques to do so. Co-authored by Barry Nalebuff , a Professor at the Yale School of Management , the article appeared in the Winter 2013 issue of The Journal of Portfolio Management .In this Practical Applications report, the authors outline a relatively simple “leveraged lifecycle” retirement savings strategy, which they say reduces risk and potentially increases returns. Ayres and Nalebuff originally proposed the strategy in a 2005 Forbes article. Their idea flew in the face of conventional wisdom, but after going back to run the numbers, the authors proved the strategy works.