Why target-date funds might be inappropriate for most investors
You can do much better than the one-size-fits-all approach to equity allocations that target-date funds offer for your retirement portfolio.
You can do much better than the one-size-fits-all approach to equity allocations that target-date funds offer for your retirement portfolio.
“Oversimplification of the underlying science provides those opposed to acting on climate change with opportunities for further mischief.”
Andrew W. Lo and co-author have written an intellectual history of modern finance theory which shows how far from a science investing remains.
"The idea of everyone coming in five days a week and working from 8 till 10 p.m., I think that we're not going to have that anymore.”
"After a two-year pandemic ... there is an understandable desire to blame someone for the appalling death toll from COVID-19."
"It's an exciting moment, because we may be ready to look at how work can be more sane and sustainable across all kinds of occupations."
"Professional growth can get stymied for all sorts of reasons. But one of the most important is rarely discussed: ... ghosts from your past."
We tend to overestimate how quickly technology can change our lives in the short term and underestimate how much in the long term.
Alessandro Bonatti discusses the use of game theory in professional football in this podcast about Tom Brady and his come-from-behind victories.
"Stock-outs lead to panic orders … And that, of course, makes everything worse, in a kind of vicious cycle, self-reinforcing process.”