Value Averaging

A time-tested strategy any investor can use to build real wealth easily and consistently over time Michael Edleson first introduced the concept of value averaging in a 1988 paper, and soon after wrote a book on the concept while he was a finance professor at the Harvard Business School. His books college tuition or your own retirement. Michael E. Edleson, PhD (New York, NY) is a Managing Director of Morgan Stanley and oversees equity risk management globally across the firm.