The value averaging method, authored by Michael Edleson, has been successfully used in the West for more than 30 years, but is practically unknown in Russia. Meanwhile, this strategy, which combines two methods that were previously used separately from each other: cost averaging and portfolio rebalancing, can significantly increase the return on investment. And the book you hold in your hands is the definitive guide to putting this powerful strategy into practice. Edleson's book will also be useful as an introduction to investing, as it lays out in an accessible form the basic ideas of sound investments, and also provides and explains the mathematical apparatus for calculating (and evaluating) returns, risks and methods for managing them.
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