Title: Value Averaging
Product review: I'm sorry, but I put this book down after reading the first three chapters. This book takes into account strategies that only work if the individual stock or market continuously goes up. If a stock hits a new high or low, taking this books advice, you should buy ignoring all other market conditions. This will hedge your profit or loss while investing blindly into the market. No wonder why the majority of individual investors will end up losing in the stock market.With the housing boom coming to an end, interest rates artificially being kept low, and inflation on the horizon, the book will lower your net worth for years to come.For a man with an MIT PHD and the Managing Director of Morgan Stanley, this book is a big disappointment.
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