One thought on “A Chart is Worth a Thousand Words”
A chart CAN BE worth a thousand words, or 1000 numbers, but the WRONG chart can be worth MINUS a thousand.
Example — The efficient frontier misguided us away from future dollar goals to short-term fears, of “risk,” and has kept most of us there for 20 years. Worth = minus 2000.
Instead, we should assess each portfolio in probability of meeting the dollar goals, using Monte, and then compare them on a GOAL Frontier!! Worth = plus 5000.
Source: FT.com
A chart CAN BE worth a thousand words, or 1000 numbers, but the WRONG chart can be worth MINUS a thousand.
Example — The efficient frontier misguided us away from future dollar goals to short-term fears, of “risk,” and has kept most of us there for 20 years. Worth = minus 2000.
Instead, we should assess each portfolio in probability of meeting the dollar goals, using Monte, and then compare them on a GOAL Frontier!! Worth = plus 5000.
See http://www.dickpurcell.com for new investment education, and http://www.portfoliopathfinder.com for GOAL Frontier tool.
Dick Purcell