Joseph Stiglitz
“The only way that people can learn is by going through simulation models. There’s a real need for advice”
Long-term Investment
Resources
An in-depth look at investing for the long term, with practical information and comment from financial experts including three winners of the Nobel Prize for Economics
A formula to survive the unkown
The decline of traditional defined benefit or final salary pension plans means that finding a long-term investment strategy is becoming increasingly important
Long-term Investment podcast
Simon Targett talks to Stephen Zeldes of Columbia Business School and Nobel Prize winners Joseph Stiglitz, Vernon Smith and Robert Engle about the pensions crisis, while Dario Frigerio, chief executive of Pioneer Investments, explains his ideas on default options. Listen to the podcast here.
The new mood among investors
Consumers are beginning to put pressure on fund managers to look beyond achieving short-term profits at all costs
Swimming with the big fish
Practices formerly employed by institutional investors are now becoming viable options for individuals
One way to avoid volatility
The credit crunch has forced many investors to consider long-term opportunities to hedge against uncertainty
Related content and features
Interviews & comment
Robert Engle
“I think that within these investment banks, pension funds and so forth, people are making decisions on rational grounds which happen to be wrong”
Vernon Smith
“Default programmes have been successful in some companies. But none of them have been going long enough to measure the long term effects”
Martin Wolf
“There is some evidence that the market overestimates the riskiness of equities, further justifying holding them. But equities are exposed to all kinds of political and economic risks and uncertainty. Let investors beware”
In-depth
Asia: Tigers have the bite
Despite the potential for volatility, diversified long-term investors should not be worried about investing in Asia
Pensions: No end to shortfalls
While many pensions advisers have pointed to growing pensions surpluses, the defecits behind the market continue to grow
Lessons from academe
Universities are at the forefront of the theory and practice of long-term investing
Regulation: When to help investors
As pressure grows on individuals to increase long-term investments, regulators are introducing new mechanisms to protect them
