Ladder Investing
What’s the best way to invest inside of a fixed, long-term vehicle? I compare Buy-And-Hold, Life-cycle Funds, and a new approach that I call Ladder Investing.
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Why Passive Investing Generates Alpha
Under traditional definitions, passive investors cannot generate alpha by definition. But under a new, more-relevant definition, they can.
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Putting Out a FIRE Part I: The Numbers Don’t Add Up
Popular FIRE accumulation and withdrawal are too risky. Simulations tell you that following FIRE religiously can leave you exposed.
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A Portfolio That Always Wins
What if you could construct a portfolio that had only a 5% chance of decreasing in value in a given year. What might this look like?
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Statistics Is Useless Part I: The Problem
Distributions come from one of four types of generating functions. The problem it’s hard to tell what the generator is. This causes all types of problems.
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Non-Financial Factors
There are a plethora of non-financial factors that affect financial decisions. The most optimal financial one might not be the best one.
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How to Lie With Data
Data lies sometimes. How? Sometimes the inputs are faulty. Sometimes the comparisons are unfair. Visualisations can be misleading.
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Gareth’s Big Mistake: Distributions vs. Averages
Looking at moments restricts some information. Focusing on single-point estimators, rather than the while sample, can lead you to mistaken conclusions.
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