Risk Management for Goals-Based Investors, Some Ideas

Some simple frameworks for risk management in goals-based portfolios.

Allocating Wealth Through Time – A Goals-Based Method

Goals-based portfolio optimization across multiple periods.

Allocating Wealth Both Across Goals and Across Investments

How to optimize wealth across your goals, as well as to investment portfolios within each of your goals. Supplement to Chapter 3 of my book, Goals-Based Portfolio Theory.

What Does the P/E Ratio Tell You About Investor Expectations?

Price to earnings ratios are readily observable, but what can they tell us about a market or security?

Bernoulli’s Prisoner’s Dilemma: A Goals-Based Perspective

In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but … More

How Much Can You Lose Before You’ve Lost Too Much?

I started my career in finance in 2007. For about a year I thought “this is great!” Then 2008 hit … More