(Value Averaging Strategy - A Safe and Simple Method to Achieve High Investment Returns) provides investors with an effective formulaic investment strategy. In short, this book is the best guide to obtaining a stable cash flow mechanism from a portfolio.
Renowned financial historian William Bernstein compares this book to Graham's 'The Intelligent Investor' and Malkiel's 'A Random Walk Down Wall Street', stating, 'Since its first publication in 1991, the reputation of (Value Averaging Strategy) has soared and it has gradually become a classic work.'
The author of this book, Michael Edleson, has served as the Chief Economist of NASDAQ, a professor at Harvard Business School, and an executive director at Morgan Stanley, with rich experience in the investment field. In this regard, Paul S. Marshall, a finance professor at Wieden University, remarked: 'This book is indeed a classic that needs to be preserved forever. In my career, I spent a lot of effort trying to find faults in the value averaging strategy, but I never succeeded. I have great admiration for Dr. Michael Edleson and this book!'
U.S. 'Money' magazine praises the investment strategy advocated in this book as 'one of the best ways to invest today.'
Fearless of bull and bear markets, a good strategy to navigate through both. The downside is slightly lower capital utilization, recent practical operations.