Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p

I have told you in many of my videos that low-cost total market index funds are the most sensible investments for most people - just own the market. I stand by that statement, but as true as it is, there is a lot more nuance to making good asset allocation decisions. How do you know if you’re like most people? And if you’re not like most people, how should your portfolio be different from the market?

Check out the video posted on Rational Reminder:    • Who Should NOT Invest in Total Market...  

Episode 169 with John Cochrane:    • RR # 169 - John Cochrane: (Modern) Mo...  
Episode 200 with Eugene Fama:    • RR #200 - Prof. Eugene Fama  
Episode 234 with Robert Merton:    • Prof. Robert C. Merton: ICAPM, Retire...  
Episode 220 with Jonathan Berk:    • RR#220 - Jonathan Berk and Jules van ...  

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Merton, R. C. (1973). An Intertemporal Capital Asset Pricing Model. Econometrica, 41(5), 867–887. https://doi.org/10.2307/1913811

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Campbell, J. Y., & Vuolteenaho, T. (2004). Bad Beta, Good Beta. American Economic Review, 94(5), 1249–1275. https://doi.org/10.1257/0002828043052240

BETERMIER, S., CALVET, L.E. and SODINI, P. (2017), Who Are the Value and Growth Investors?. The Journal of Finance, 72: 5-46. https://doi.org/10.1111/jofi.12473

Betermier, Sebastien and Calvet, Laurent E. and Knüpfer, Samuli and Soerlie Kvaerner, Jens, What Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns? (February 24, 2022). Available at SSRN: https://ssrn.com/abstract=3795690 or http://dx.doi.org/10.2139/ssrn.3795690

Jensen, Theis Ingerslev and Kelly, Bryan T. and Pedersen, Lasse Heje, Is There a Replication Crisis in Finance? (February 2021). NBER Working Paper No. w28432, Available at SSRN: https://ssrn.com/abstract=3781319