|my understanding is they only advocate 100% margin up to age 32-33 or so. then they suggest gradually tapering margin so that you are only 120% exposed to the market at age 52 or so (that is the age of one of the authors, and that is his margin level). apparently they reckon even if you blow up and lose all your money, you can make a "comeback" and make up for lost time. |
it seems the only positive "reader reviews" so far were written by one of the authors and their colleague, Robert Shiller.
this book reminds me of Dow 36,000, in that it is appearing at a market peak and it advocates a theory that only makes sense in a bull market--the irony being it is coming out at a terrible time to be on margin.