@T_Gatzemeier Agreed 100% One obscure exception might be that leveraging a balanced portfolio in a low rate environment can provide better returns & asymmetry (sharpe, etc) than 100% stocks.
@AlanJLSmith Great thread! Insight appreciated as I clumsily stumble through the awkward middle years. Good financial advice and good financial advice businesses are two totally different games and skill sets.
Terrifying to realize our society's "world is about to end" alarm has been going off nonstop for our entire lives. Almost every psychologically healthy person has learned to tune it out. We burned through our x-risk coordination commons long ago.
@seandsweeney “I’m surprised and jealous you’ve created a life that’s bearable without altering consciousness so I’m going to ridicule you to equalize us”
@jasonpereira @BoomerandEcho Pascal said: “I would have written a shorter letter but didn’t have the time”
The novice begins simple, the intermediate over complicates and the expert re-simplifies. Indexing is great for beginners and experts but doesn’t make sense to the Dunning-Krueger Intermediates.
I might be blind but I think the CIO of a $2 Billion RIA is arguing that rates don’t effect Teslas Valuation because they don’t have debt. This might have just erased every ounce of imposter syndrome I’ve ever felt.
@jasonpereira As someone who’s now 2-3 steps ahead of his newbie audience I’m learning (the hard way) that I should’ve been more respectful of my superiors time 😂 May have overcorrected.