The Most Controversial Paper in Finance

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.

References: https://zbib.org/97621df40f994f1e8945...
Read the paper: https://dx.doi.org/10.2139/ssrn.4590406
Listen to co-author Scott Cederburg discuss the paper:    • Scott Cederburg: A Critical Assessment of ...  
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