If I apply his nominal returns to my target AA I get a weighted average of 6.0% and I used 5.5% in my deterministic retirement projections so I feel fine. Also, I assumed 3% inflation so 2.5% real and he would be at 4% real with 2% inflation.... so that feels even better!
Exactly. Even 1996 would do.I wonder what he predicted in 1986?
Nice, thank you. Ferri is a real optimist. Hope he's right
True, in most lines of work. But if it's hard to objectively assess results (or the results can be explained with sufficient credibility), then maybe overpromising works for long enough to make it worthwhile.Typically what works best is underpromise, and overdeliver.