Average – Perpetual Prudence

Putting Out a FIRE Part I: The Numbers Don’t Add Up

Noah doesn’t enjoy life. Not at the moment, anyway. And he doesn’t anticipate much enjoyment in any of the next

In the real world, things happen both inside and outside of your portfolio that “force” you to sell. One major

Classical statistics is reliant on the fact that observations about the past tell us something about the future. This is

We’ve talked a lot about stuff that happens inside your portfolio. But what about stuff that happens outside of it?

I don’t trust data. Whenever I see a pretty chart, an average, a line going up and to the right,

Gareth is 50 years old. Retiring in 15 years time, he realises that he needs roughly £1.5M to live comfortably