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Chips, I had to read your example a few times before I could figure out why I had a problem. Your example uses a return of 2^n which provides the return of 1 at each level. The quoted example (Bernoulli's) gives a return of 2n which would be substantially lower (in the third iteration the return wou...

The Millionaire Next Door

The Richest Man in Babylon

Both had profound impact on me.

I am thinking about selling some of my large cap market allocation to rebalance. For years I have been putting new investment funds into small cap, value and reits but I hadn't actually sold overvalued asset classes. I'm getting this feeling as well. I can rebalance with no tax consequences and am ...

The thread is Tobin's q as an estimator dated Tuesday, Aug 19, 2003 at 5:02 pm CDT. I read a little about this but don't think it's the topic we're discussing. I don't know anything about Tobin's Q so I'll back out. I'm not certain (strangely, JWR is[!]), but I think ataloss and I were referring to...

I will remove this message from the "sticky" category for now. I didn't know this was possible. Can you sticky the post that contains the numbers of posts that result in ranks? I don't remember what it's called and can't find it.

As a PS: One of the nicest experiences I had as an auditor involved an S&L in the go go days. They treated us wonderfully along with the federal regulators who were on site the same time we were. In fact, we were permitted to participate in the "benefits" provided to employees includin...

knowing nothing about accounting but listening when ex-auditors raise the issue of agency costs I agree entirely and have stated so several times. I haven't been to the hocus board and won't go, even to look for this, but am interested in where those on the other side of this argument are coming fr...

I look at the 70% of regular salary in this manner. You will no longer pay into FICA 8%, no local taxes on salary earnings 2% (this will vary by location of job), no more saving for FIRE 15% and the saving on taxes for above earnings @25% rate is 6% which adds up to 31% Interesting perspective. Doi...

I would like a bit more of that soft stuff here. OK, a lot more of it. It gets my juices flowing. I, too, like the softer stuff. With a science degree and a business degree, I took enough math and statistics to understand most of the math work here even if I could not create it myself. But I think ...

Some people - particularly those who have been online for years - are not upset by trolls and consider them an inevitable hazard of using the net. As the saying goes, "You can't have a picnic without ants." It would be nice if everybody was so easy-going, but the sad fact is that trolls d...

After spending an inordinate amount of time trying to explain things to hocus

I am almost amused to see ataloss actually at a loss

I say "almost" because I'm in the same boat. :shock:

for now you will all need to invoke a little discipline and just ignore what you don't like.

I don't know why but I'm having a hard time with this too.

And there is the problem of the growth rate he was using being possibly optimistic. 2% real growth in earnings/dividends is thrown around a lot, but I've seen 1.5 % used frequently to. Dividends were down to 1% in 2000 + 1.5% growth - 2% safety factor = .5% SWR Crazy numbers! No wonder he fudged, i...

but this sums up my outlook on swr approaches It is a serious mistake to rely on either the historical sequence approach or a Monte Carlo model by itself. Both approaches have something to add. And then add the WiseNLucky' postulate: "Once you have an answer, and have calculated your 'magic nu...

ES wrote: Unfortunately over the past few days I see things getting a little out of hand. Boy is that an understatement :shock: I find myself bowing out of participation when the level of rhetoric gets too high. The same thing happened when the rhetoric about the war in Iraq got unreasonable. I com...

have decided to start a new thread on the investing options I have here and let everyone view it and see if they have any thoughts

Pretty interesting exchange between PP and BS so far. I look forward to the new thread.

Petey: Interesting times! Not fun in a way that a woman would find attractive in a man who likes to have fun. But interesting times from the heady perspective of using your brain and learning new things that stretch you throughout life. Maybe you're meeting the wrong women? Money and power are stil...

gummy wrote: Although I promised myself I wouldn't, I really have to jump in and play in your sandbox :^) I don't care what the others think. You are permitted to play in our sandbox anytime you want. 8) Can you recommend a refresher math book for self study? It is now a long time since my college ...

Thanks JWR1945, I am burdened by having read the book a year ago. I am in this same boat. I started reading it again tonight so I can participate in these discussions. I found the first few pages as wonderful as I remembered. Anyone who has not read this book really should check it out of the libra...

jwr wrote:

Let me suggest that you engage with gasp! market timing as you reduce your allocations.

I'm thinking about doing a little rebalancing myself after this recent and (to me) unexpected run-up.