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Professor Bodie argues "the conventional wisdom is wrong". He recommends 1) buying TIPS, 2) trusting nobody, with your retirement money unless you get a guarantee, and 3) trying to educate yourself.
Link via The Baseline Scenario.
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Oh. Well. As long as there's a guarantee. 8^)
Otherwise, he's bang on.
One should always operate on the assumption that one will be let down. May not forestall unpleasantness. Will curb surprises.
Posted by: Seven Years of College Down the Drain | March 31, 2009 at 11:14 AM