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> There's no reason to think you know what the future holds. Prior behavior is the best predictor of future behavior. The world has become complacent and depen
by cbozeman 5y ago
> There's no reason to think you know what the future holds.
Prior behavior is the best predictor of future behavior. The world has become complacent and dependent upon cheap capital, and no one - and I mean no one - is ready or willing to turn off the faucet yet.
- staticman2 5y agoPrior behavior includes the 50% stock market crash in 2008 and ten year periods of negetive real stock market retutns. A financial plan that doesn't include a probabity of these events recurring isn't one I can get behind. No expert recommends dwelling on only the most recent behavior.