Stuart Pierson
effect of time on portfolio
Robert Merton and the effect of time on portfolio choice
The Economist sat down with Robert Merton, Nobel laureate in economic sciences and Dimensional’s Resident Scientist, to discuss the mathematics of time and its impact on real-life investing.

REPRINTED WITH PERMISSION - Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. There is no guarantee investment strategies will be successful. Investing involves risks, including possible loss of principal. Diversification does not eliminate the risk of market loss.