2min chapter

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David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income (EP.254)

The Rational Reminder Podcast

CHAPTER

Portfolio Optimization for Speculative Assets

This suggests that if you're someone that really cares about what something would do, I don't know, NFTs or just whatever,. Or about a small part of the portfolio and do that to satiate you from cashing out everything. What are the asset pricing implications if people do think about portfolio optimization this way? We've never had a utility function. But basically what you'd tell us the client, think about in the outcome, the good outcome, you're imagining how great are you going to feel if it goes 1000 X or whatever. And then make a decision based on the range of emotional outcomes.

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