Long term Horizons in Investments Assets relative risk for long-term investors Christian Gollier, WP TS&W n. 14/07 A brief examination of methods of representing Financial Risk and Returns: Francesco Sandrini , WP TS&W n. 17/07 Nothing contained in this website is intended as investment advice. Access to and use of this Pioneer Investments web site provided on the following Terms and Conditions. "Pioneer Investments" is a trading name of The Pioneer Global Asset Management S.p.A group of companies. © 2006 Pioneer Global Asset Management S.p.A Research General Issues in Savings and Investments Macro Trends in Savings and Wealth Investor Micro-Behaviour Long term Horizons in Investments