The book Lifecycle Investing by Nalebuff and Ayres, both professors at Yale, argues fairly convincingly that trading on margin is optimal for young people, especially those expecting high-earning careers (e.g. software developers).…
The book "Lifecycle Investing," by Yale professors Nalebuff and Ayres, argues that a young person ought to invest 100% or even more (via leverage) in stocks. (More specifically, a young person with high future earning potential, which…
…which flavor you choose, is an amazing thing. 4. If you’re really interested in extremely risky investments in an effort to expose yourself to the largest upside, there’s been some recent work around lifecycle investing where some relatively well respected academics are proposing a model that includes some small amount of leverage for folks who have a long time horizon and a large amount of risk tolerance. This will…
> An controversial book on investing I recently read is Lifecycle Investing which argues that young people are often much too conservative in their investment strategy, because they should model their future earnings as a bond and allocate enough to equities to compensate for…
This is interesting. The antithesis is probably the book Lifecycle Investing [0] which essentially concludes that you should be 2X leveraged stocks in your youth and slowly reduce leverage over time. 0. https://www.lifecycleinvesting.net/
耶鲁大学教授纳勒巴夫（Nalebuff）和艾尔斯（Ayres）所著的《生命周期投资法》（Lifecycle Investing）一书，相当有说服力地论证了加杠杆/保证金交易对年轻人来说是最优解，尤其是那些预期未来收入很高的人群（比如软件工程师）。……
The book Lifecycle Investing by Nalebuff and Ayres, both professors at Yale, argues fairly convincingly that trading on margin is optimal for young people, especially those expecting high-earning careers (e.g. software developers).…
耶鲁大学教授纳勒巴夫和艾尔斯所著的《生命周期投资法》（Lifecycle Investing）一书主张，年轻人应该把 100% 甚至更多（通过杠杆）的资产投入股市。（更具体地说，是针对那些未来收入潜力很高的年轻人，他们……
The book "Lifecycle Investing," by Yale professors Nalebuff and Ayres, argues that a young person ought to invest 100% or even more (via leverage) in stocks. (More specifically, a young person with high future earning potential, which…
……无论你选择哪种风味，都是件不可思议的好事。4. 如果你真的对极高风险的投资感兴趣，试图博取最大的上涨空间，最近有一些关于“生命周期投资”（lifecycle investing）的研究，几位声誉相当不错的学者提出了一个模型，建议那些投资周期长、风险承受能力强的人适当使用小额杠杆。这将……
…which flavor you choose, is an amazing thing. 4. If you’re really interested in extremely risky investments in an effort to expose yourself to the largest upside, there’s been some recent work around lifecycle investing where some relatively well respected academics are proposing a model that includes some small amount of leverage for folks who have a long time horizon and a large amount of risk tolerance. This will…
> 我最近读过一本颇具争议的投资书籍《生命周期投资法》（Lifecycle Investing），书中指出年轻人现在的投资策略往往过于保守，因为他们应该把自己未来的收入建模为债券，并配置足够多的股票来弥补……
> An controversial book on investing I recently read is Lifecycle Investing which argues that young people are often much too conservative in their investment strategy, because they should model their future earnings as a bond and allocate enough to equities to compensate for…
这个很有意思。与之针锋相对的观点大概就是《生命周期投资法》这本书了 [0]，它得出的基本结论是，你在年轻时应该对股票进行 2 倍杠杆投资，并随着年龄增长逐渐降低杠杆。0. https://www.lifecycleinvesting.net/
This is interesting. The antithesis is probably the book Lifecycle Investing [0] which essentially concludes that you should be 2X leveraged stocks in your youth and slowly reduce leverage over time. 0. https://www.lifecycleinvesting.net/