David Berns - How do you build a portfolio for a human being? (S4E16)
Flirting with Models
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What Does It Mean to Build a Portfolio for a Human Being?
I think monte carlo or way better than they were in the last year. Decade ago, two decades ago. And i deeply believe that it's a much more appropriate moral approach to say, let's folks on a hundred %,. and then slowly give variance as your discretionary wealth goes up. Respecting someone's goals first, and then really trying digging as deep as we can around there risk preferences into the portfolio.
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