walkinwood
Thinks s/he gets paid by the post
A sensational headline, but a good, brief blog entry in the NY Times about Financial Plans - or any plans, for that matter.
Why Financial Plans Are Worthless - Bucks Blog - NYTimes.com
From the article
I think it addresses the feeling that a lot of us have - despite all the planning, there are so many unknowns - how will we manage to make our assets last 40 to 50 years?
Why Financial Plans Are Worthless - Bucks Blog - NYTimes.com
From the article
Financial plans are worthless, but the process of planning is vital. Let me explain the difference.
So while the plan is important, the key to arriving safely is the pilot’s ability to make the small and consistent course corrections. It is about the course corrections, not the plan.
I think it addresses the feeling that a lot of us have - despite all the planning, there are so many unknowns - how will we manage to make our assets last 40 to 50 years?