How reducing exposure to a catastrophic event, such as running out of money during retirement, is a better strategy than trying to accurately predict a catastrophic event. In this episode you’ll learn: Show Notes Stock Market Charts You Never Saw by Edward F. McQuarrie The First Eighty Years of the US Bond Market: Investor Total Return from 1793, Combining Federal, Municipal, and Corporate Bonds by Edward F. McQuarrie Evaluating Gambles Using Dynamics by O. Peters and M. … [Read more...]
196: How To Survive Financially
Why relying on averages is dangerous given our fate is often determined by extreme events and how we react as financial markets, the economy and our own lives evolve. In this episode you’ll learn: Show Notes If it's Tuesday, it's a workday in Dallas for this 100-year-old Colleyville man - Dallas Morning News Skin In The Game: Hidden Asymmetries In Daily Life - Nassim Nicholas Taleb Exploring Gambles Reveals Foundational Difficulty Behind Economic Theory (and a … [Read more...]
