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The Ages of the Investor: A Critical Look at Life-cycle Investing (Investing for Adults) The Ages of the Investor: A Critical Look at Life-cycle Investing by William J. Bernstein
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“instead of investing a stream of savings, you have just inherited a lump sum of money at age 25 from Uncle Fred that is large enough to fund your retirement at age 65”
William J. Bernstein, The Ages of the Investor: A Critical Look at Life-cycle Investing