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#374: Morgan Housel on the Psychology of Money

The Pomp Podcast

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What Do You Think About a 60 40 Portfolio?

The 4% withdrawal rate rule came from a period right after World War two when interest rates went from 2% to 15%. That's exactly what the country dealt with for the middle of the 20th century. The other thing that's important is that we probably got spoiled in the 80s and 90s and early 2000s with this idea that bonds were a place where you can earn a good income, not just a little income, but a great income.

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