Contents
Preface to the Second (Revised) Edition
Introduction: Pensions Are Dying; Long Live Pensions
Chapter 2 Insurance Is a Hedge for Human Capital
How Much Does Life Insurance Cost?
How Much Life Insurance Do I Need?
Can We Put a Value on What a Life Is Worth?
Types of Life Insurance Policies
Chapter 3 Diversification over Space and Time
Why Does Diversification Work?
Decomposing Risk: Systematic Versus Non-Systematic Risk
The Importance of International Investing
Correlations: The Magic Behind Asset Allocation
How Does Time Impact Financial Risk and Volatility?
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