Financial Analysts Journal January/February 2015 Volume 71 Issue 1
What Practitioners Need to Know . . . About Time Diversification (corrected)
Abstract
Although an investor may be less likely to lose money over a long horizon than over a short horizon, the magnitude of a potential loss increases with the length of the investment horizon.
About the Author(s)
Mark Kritzman, CFA, is a founding partner and CEO of Windham Capital Management, Boston, Massachusetts.