Tiger8693
Full time employment: Posting here.
I think it's one of the "earlyretirementnow" blog pieces. He talks about having a cash reserve fund to be spent only in years when the market is down 20% or more (I believe that was his number but I can't find the blog piece at the mo' and can't recall the title of it)
This would have gotten you through all the 4% failure years and amounted to only 2 1/2 years of expenses on cash.
Interesting. I need to review this against bucket strategy.