Stocks, Bonds, and the Investment Horizon:Decision-Making for the Long Run

Haim Levy
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Haim Levy: The Hebrew University of Jerusalem, Israel

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: A century ago, life expectancy was roughly 40 years, hence all income could be consumed, as for most people, there was no need to save for retirement. Today, things have drastically changed: Life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, we have many investors with various investment horizons, where the length of the investment horizon becomes a crucial factor in determining the best investment diversification.

Keywords: Stocks for the Long Run; Mean — Variance Rule and the Horizon; Stochastic Dominance and the Horizon; Sharpe Ratio and the Horizon; Prospect Theory and the Horizon (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2022
ISBN: 9789811250149
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