Capital Market
Organized markets such as the NASDAQ that provide a mechanism for the purchase and sale of longer term (usually exceeding 1 year) equity and debt securities.
Low or No Surprises Supports the Case for Annuities in Retirement
In a basic sense, information theory measures the level of surprise in a message.
A highly informative message will come as a complete surprise and tell you something about which you had no previous knowledge.
Sounds pretty good, right—of what use is it to be told what you already know? Well, there are actually cases where information is not so welcome.
Why Even Bother with Self-Service Investing During Retirement
I have a huge amount of sympathy for many of the people who are recently retired or close to retirement.
The World is Very Long on Longevity Risk
Longevity risk is clearly a huge growth market. One has to wonder, though, where the capacity to address this market opportunity will come from.
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