The great thing about Roger Ibbotson is that he's not just a researcher, he is a practitioner. He was one of the original academic quants, but only after he figured out how to make a lot of money in the stock market.

That gives him a unique perspective, and one that should be instructive to the rest of us. (You can read about Ibbotson's early ventures into the stock market and his veteran insights in "Exclusive Interview: Academic Icon Roger Ibbotson says Rush to Regulate Inhibits Competitiveness," FiduciaryNews.com, July 21, 2015).

With one foot firmly planted behind ivy-covered walls (he's a professor emeritus at Yale University) and one foot solidly ensconced in the corporate board room (he's the chairman of an investment management company), Ibbotson stands on a perch few others have ever stood upon. He sees the inner workings of the capital markets from both theory and practice.

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Christopher Carosa

Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).