A time-tested strategy any investor can use to build real wealth easily and consistently over time Michael Edleson first introduced the concept of value averaging in a 1988 paper, and soon after wrote a book on the concept while he was a finance professor at the Harvard Business School. His bookwhich today is hard to find, but in high demandis now regarded by many in the investment community as a true investment classic. With the reintroduction of this book, investors will now have access to Edlesons original work on value averaging and discover how to make this proven strategy work for them. This investment classic shows readers how to make the buying and selling of investments nearly automatic by implementing a strategy that involves distributing capital among multiple assets based on market conditions. It also recommends investments best suited for value averaging and demonstrates how to use both dollar cost averaging (DCA) and value averaging to achieve specific investment goalssuch as saving for a childs college tuition or your own retirement. Michael E. Edleson, PhD (New York, NY) is a Managing Director of Morgan Stanley and oversees equity risk management globally across the firm.