Scott Burns spilled the beans re what is going on in his column from the summer of 2005 in which he said that the reason why we rarely hear the findings of "The New School of SWR Analysis (I am the leader of The New School, and Burns' column was written at my urging) is that "it is information most people don't want to hear."
LINKEmail from William Bernstein
One of hocus' favorite references is to William Bernstein's "fuggedaboudit". Ataloss recently posted the original quote from an email he received from Bernstein. LINK
the trinity study?? fuggedaboudit. the methodology is sound, but remember, there's a 7% real equity return embedded into it. who in the peanut gallery wants bet their retirement on that?
unfortunately for hoc,
unfortunately for hoc, Bernstein didn't advise retiring too early with an inadequate portfolio and a vague and untested plan to time the market.
Have Fun
Ataloss