245:"Unless you have the heart of a high stakes gambler, get out of stocks now and put your retirement money in inflation protected government bonds and similar instruments. These investments are immune to the kind of calamity Wall Street experienced last year, and they are guaranteed to keep pace with inflation, a potential problem in the future."
233:
In 2003, he spoke again, about investing too heavily in the stock market, saying "people who have been following conventional investment advice are probably taking more risk than they should and don't even know it. They've been told not to worry about the stock market going down because in the
217:
In 2007 the
Retirement Income Industry Association gave Bodie their Lifetime Achievement Award for applied research, and in 2019 he received the Plan Sponsor Council of America's Lifetime Achievement Award. He also won the Financial Analysts Journal Graham and Dodd Scroll in 1985 and 1996.
226:
Bodie, an expert on retirement and financial economics, is a long-time advocate of diversity and "safety-first investing." In 1995 he offered a warning about the risks of investing heavily in stocks, in a journal article:
287:
Insuring: paying someone else to pay you if something bad happens, while keeping the upside in good times; an example is a put option on the stock market, a contract that ensures you can sell stocks at a prespecified
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Bodies' five-step plan consists of Risk identification, Risk assessment, Selection of risk-management techniques, Implementation, and Review; the five steps are then followed by a four-step processof:
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His investment strategy consists of a five-step process to analyze and evaluate what kinds of risks one faces, and how to determine the best way to implement an investment plan.
311:
Bodie has authored and co-authored multiple books and textbooks, and his written works have focused on pension finance and investment strategy. Some of his work is listed below.
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284:: taking less risk and giving up upside; an example is buying I savings bonds (inflation-linked bonds that protect investor purchasing power) to offset the risk of stocks.
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to protect their investments, and plan for unforeseen risks. Bodie prescribes a diversified portfolio that includes products with guaranteed returns such as
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119:(born April 27, 1943) is an American economist, author and professor. He was the Norman and Adele Barron Professor of Management at
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639:"Old Age Income Support in the 21st Century: The World Bank's Perspective on Pension Systems and Reform"
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Bodie added "he follow his own advice and did not lose a penny in the recent market meltdown."
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710:"Conversations with E21: Zvi Bodie on How to Make Sense of Markets in the Time of Coronavirus"
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Bodie has promoted his system of investment and retirement planning in numerous interviews on
1023:. National Bureau of Economic Research project report. Chicago: University of Chicago Press.
990:. National Bureau of Economic Research project report. Chicago: University of Chicago Press.
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380:, (with Dennis McLeavy and Laurence B. Siegel), Research Foundation of CFA Institute, 2009.
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Saving for emergencies: keeping an emergency fund of liquid savings for the unexpected.
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long-run, stocks are going to beat everything else. That's a fundamental fallacy."
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802:"Sell Your Stocks, MIT Sloan Professor Urges Small Investors Saving for Retirement"
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392:, (with Michael J. Clowes), Financial Times/Prentice Hall, 1st edition, 2003.
339:, (with John B. Shoven and David A. Wise), University of Chicago Press, 1987.
144:
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678:"Boston University's Zvi Bodie to receive PSCA's Lifetime Achievement Award"
386:, (with Robert Merton and David Cleeton), Prentice Hall, 2nd edition, 2008.
358:, (with Alex Kane and Alan Marcus), McGraw-Hill/Irwind, 11th edition, 2019.
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885:"Economist Zvi Bodie debunks standard investment advice - Sep. 16, 2009"
777:"BW Online | July 28, 2003 | Online Extra: Sleep Soundly without Stocks"
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188:
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Worry-Free
Investing: A Safe Approach to Achieving Your Lifetime Goals
264:
and traditional retirement plans that assure a minimum interest rate.
143:
is the market leader and is used in the certification programs of the
402:"Do a firm's equity returns reflect the risk of its pension plan?,"
366:, (with Alex Kane and Alan Marcus), McGraw-Hill, 11th edition, 2012.
860:"As the markets swing, should you be freaking out about your 401K?"
128:
1078:"Do a firm's equity returns reflect the risk of its pension plan?"
532:"Retirement Savings Hit Hard by COVID-19? Here's What to Do Next"
152:
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Massachusetts
Institute of Technology School of Science alumni
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256:, he offered advice on how people can use the principles of
159:. He continues to do consulting work and media interviews.
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Bodie, Zvi; Shoven, John B.; Wise, David A., eds. (1987).
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Bodie, Zvi; Shoven, John B.; Wise, David A., eds. (1988).
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1053:"Financial Aspects of the United States Pension System"
653:"PSCA Honors Zvi Bodie With Lifetime Achievement Award"
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and David A. Wise), University of
Chicago Press, 1988.
278:: owning diversified risky assets to avoid undue risk.
1076:
Jin, Li; Merton, Robert C.; Bodie, Zvi (2006-07-01).
413:"Personal Investing: Advice, Theory, and Evidence,"
438:, Volume 36, Issue 3, with Victor I. Rosansky, 1980.
374:, (with Rachelle Taqqu), Jon Wiley & Sons, 2011.
372:
Risk Less and
Prosper: Your Guide to Safer Investing
323:, (with E.P. Davis), Edward Elgar Publishing, 2000.
1117:"Personal Investing: Advice, Theory, and Evidence"
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975:. Two volume set. Edward Elgar Publishing. 2000.
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420:Volume 53, Issue 6, with Dwight B. Crane, 1997.
1154:Bodie, Zvi; Rosansky, Victor I. (1980-05-01).
1075:
441:"Common Stocks as a Hedge Against Inflation,"
378:The Future of Life Cycle Savings and Investing
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910:"How Much You Need vs. How Much You Can Lose"
1195:"Common Stocks as a Hedge Against Inflation"
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343:Financial Aspects of the U.S. Pension System
214:concerning reform of their pension system.
198:He has served on the finance faculty at the
1115:Bodie, Zvi; Crane, Dwight B. (1997-11-01).
162:
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345:, (with John B. Shoven, 3rd edition, 2010.
206:. Bodie was on the editorial board of the
127:for 43 years before retiring in 2015. His
825:
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434:"Risk and Return in Commodity Futures,"
425:"On the Risk of Stocks in the Long Run,"
408:, Volume 81, Issue 1, with Li Jin, 2006.
303:and other media outlets over the years.
221:
208:Journal of Pension Economics and Finance
739:"On the Risk of Stocks in the Long Run"
1286:MIT Sloan School of Management faculty
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1156:"Risk and Return in Commodity Futures"
229:On the Risk of Stocks in the Long Run.
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241:, in a 2009 interview, he advised:
173:Massachusetts Institute of Technology
79:Massachusetts Institute of Technology
969:"The Foundations of Pension Finance"
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321:The Foundations of Pension Finance
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826:Tarquinio, J. Alex (2009-04-01).
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239:stock market crash of 2007--2008
1256:Harvard Business School faculty
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908:Geer, Carolyn T. (2012-03-04).
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657:Plan Sponsor Council of America
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252:Prior to, and during, the 2020
151:. Bodie's work has centered on
1311:American expatriates in Israel
1082:Journal of Financial Economics
670:
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405:Journal of Financial Economics
204:MIT Sloan School of Management
70:Hebrew University of Jerusalem
1:
1281:American financial economists
1094:10.1016/j.jfineco.2005.06.005
451:
171:in economics (1975) from the
988:Pensions in the U.S. economy
779:. 2011-06-20. Archived from
615:"Zvi Bodie | TIAA Institute"
592:. 2010-08-18. Archived from
349:
327:Pensions in the U.S. Economy
7:
1276:Corporate finance theorists
1021:Issues in pension economics
828:"A Hedge Against Inflation"
447:, Volume 31, Issue 2, 1976.
429:, Volume 51, Issue 3, 1995.
337:Issues in Pension Economics
10:
1327:
1301:American financial writers
1160:Financial Analysts Journal
1121:Financial Analysts Journal
743:Financial Analysts Journal
682:Pensions & Investments
436:Financial Analysts Journal
427:Financial Analysts Journal
416:Financial Analysts Journal
1266:Boston University faculty
737:Bodie, Zvi (1995-05-01).
468:Hedging against inflation
356:Essentials of Investments
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163:Education and background
1306:Brooklyn College alumni
1133:10.2469/faj.v53.n6.2126
755:10.2469/faj.v51.n3.1901
200:Harvard Business School
1199:The Journal of Finance
444:The Journal of Finance
247:
123:, teaching finance at
1172:10.2469/faj.v36.n3.27
619:www.tiaainstitute.org
243:
222:Investment philosophy
806:www.businesswire.com
497:"About - Zvi Brodie"
149:Society of Actuaries
1193:Bodie, Zvi (1976).
914:Wall Street Journal
465:Bodie, Zvi (1975).
384:Financial Economics
157:investment strategy
832:The New York Times
567:on August 18, 2004
1057:www.goodreads.com
536:Boston University
254:COVID-19 pandemic
181:Hebrew University
177:M.A. in economics
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121:Boston University
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1088:(1): 1–26.
714:Economics21
590:"Zvi Bodie"
561:"Zvi Bodie"
364:Investments
133:Investments
47:Citizenship
1250:Categories
1062:2020-09-29
954:2020-09-29
927:2020-09-30
894:2020-09-30
870:2020-09-30
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506:2020-09-29
452:References
237:After the
189:philosophy
35:1943-04-27
1219:1540-6261
1180:0015-198X
1141:0015-198X
1102:0304-405X
949:Zvi Bodie
922:0099-9660
840:0362-4331
763:0015-198X
471:(Ph.D.).
350:Textbooks
117:Zvi Bodie
57:Education
23:Zvi Bodie
1039:14187646
1006:16356714
571:June 14,
329:, (with
183:, and a
147:and the
129:textbook
125:Questrom
99:Doctoral
945:"Books"
282:Hedging
153:pension
101:advisor
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288:price.
212:Israel
139:Marcus
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315:Books
169:Ph.D.
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1098:ISSN
1035:OCLC
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1002:OCLC
992:ISBN
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759:ISSN
573:2010
480:2017
202:and
175:, a
51:U.S.
29:Born
1207:doi
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1129:doi
1090:doi
751:doi
473:MIT
301:CNN
297:PBS
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187:in
83:PhD
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81:(
76:)
72:(
67:)
63:(
33:(
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