{"id":747,"date":"2025-04-30T07:20:55","date_gmt":"2025-04-30T07:20:55","guid":{"rendered":"https:\/\/kensmartips.com\/finance\/?p=747"},"modified":"2025-04-30T07:20:55","modified_gmt":"2025-04-30T07:20:55","slug":"the-most-controversial-paper-in-finance","status":"publish","type":"post","link":"https:\/\/kensmartips.com\/finance\/?p=747","title":{"rendered":"The Most Controversial Paper in Finance"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/-nPon8Ad_Ug\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>The 2025 paper Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice suggests that investors should hold globally diversified 100% stock portfolios for their entire lives. It has been met with intense criticism. <\/p>\n<p>References: https:\/\/zbib.org\/97621df40f994f1e89453596f1732370<br \/>\nRead the paper: https:\/\/dx.doi.org\/10.2139\/ssrn.4590406<br \/>\nListen to co-author Scott Cederburg discuss the paper: https:\/\/www.youtube.com\/watch?v=iH4f-J6TZsg<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\nMeet with PWL Capital: https:\/\/pages.pwlcapital.com\/en-ca\/contact-us?utm_source=content&amp;utm_medium=youtube&amp;utm_campaign=benfelix_yt <\/p>\n<p>Follow Ben Felix on<br \/>\n&#8211; Twitter: https:\/\/twitter.com\/benjaminwfelix<\/p>\n<p>Visit Rational Reminder: https:\/\/rationalreminder.ca\/<br \/>\nJoin the Rational Reminder Community: https:\/\/community.rationalreminder.ca\/<br \/>\nFollow the Rational Reminder on:<br \/>\n&#8211; Twitter: https:\/\/www.twitter.com\/RationalRemind<br \/>\n&#8211; Instagram: https:\/\/www.instagram.com\/rationalreminder\/<\/p>\n<p>Visit PWL Capital: https:\/\/www.pwlcapital.com\/<\/p>\n<p>Follow PWL Capital on:<br \/>\n&#8211; Twitter: https:\/\/twitter.com\/PWLCapital<br \/>\n&#8211; Facebook: https:\/\/www.facebook.com\/PWLCapital<br \/>\n&#8211; LinkedIn: https:\/\/www.linkedin.com\/company\/pwl-capital\/<\/p>\n<p>You can find the Rational Reminder podcast on<br \/>\nGoogle Podcasts:<br \/>\nhttps:\/\/www.google.com\/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz<br \/>\nApple Podcasts:<br \/>\nhttps:\/\/itunes.apple.com\/ca\/podcast\/the-rational-reminder-podcast\/id1426530582?mt=2<br \/>\nSpotify Podcasts:<br \/>\n<iframe title=\"Spotify Embed: Episode 354 - Jason Pereira: Expert Financial Planning\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/show\/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA&#038;utm_source=oembed\"><\/iframe><br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2025 paper Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice suggests that investors should hold globally [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - 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