Make Generational Wealth: Main St vs Wall St Recessions, Portfolio Math, Fed Watchers & Family Offices
Pirates of Finance
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How to Assume the Markets Are Efficient
I always start assuming the markets efficient. And it doesn't mean I believe the market's efficient, but I can reason through what should happen under that theoretical condition. So once it gives you a very solid foundation to start thinking through some of these questions logically, and then you can pick and choose how you relax is it based upon your own personal beliefs. In theory, ex post the optimal leverage level at maximized your compound annualized growth rate,. by the way, I bet if you look at that the return stream, there's like a 90% drawdown in there, but ex post it maximized your compounded annualized growth. Those points to the left are those where you didn't
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