Exploring the relationship between people and their money.
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Plans are of little importance, but planning is essential. — Winston Churchill
Plans are nothing; planning is everything. — Dwight D. Eisenhower
Everyone has a plan until they get punched in the face. –Mike Tyson
It is time that we recognize that Churchill and Eisenhower [and even Mike Tyson] were right.
We place way too much weight in plans; [...]
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A few days ago, I introduced The Assumer. Behind the curtain in every traditional financial plan there has to be someone making a long list of assumptions. These are nothing more than guesses about things like inflation, your date of death, and returns on international small cap stocks.
Unknowable things.
One of the interesting things about the [...]
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