How planning helps us avoid catastrophic errors while maintaining flexibility and margins of safety allow us to thrive even if our plans don't work out. Photo by NASA In this episode you’ll learn: The difference between planning to never fail and planning for small failures.Why traditional financial plans have up to 40% chance of failure but we should plan anyway.How to play not to lose.Why there is joy in the journey. Show Notes Eyes in the sky: a revolution in … [Read more...]
180: Can You Outperform Harvard’s Endowment?
Why have college endowments underperformed a simple three fund Vanguard portfolio? Should you mirror a simple two or three fund portfolio or invest more like an endowment with multiple asset classes? Photo by Bill Badzo In this episode you’ll learn: How have college endowments underperformed a simple three Vanguard fund portfolio.What's the difference between time weighted and dollar weighted returns.Why are college endowments shifting more of their portfolios to alternative … [Read more...]