No. of Recommendations: 4
Article in the FT today, philosophizing on the endless SWR debate:
The concluding paragraphs:
"...no Number fully insulates anyone from life’s vicissitudes. Markets crash, health fails, taxes rise, wars and pestilence break out. For all its supposed precision, the Number is just a story we tell ourselves to pretend we have agency over randomness and entropy.
Maybe Douglas Adams had the best Number: 42, which was offered as the “answer to life, the universe, and everything” in The Hitchhiker’s Guide to the Galaxy.
Because no Number can promise security. Life offers no safe spaces and no risk-free returns — just the illusion of control, priced to perfection."No new arguments for anyone here - lifestyle creep, an uncertain world, tail risk (although no mention of longevity risk). But some fun lines, e.g. (paraphrasing here)
"over the years, I've heard a lot of numbers, but they're all paraphrased as: I need to work for five more years" As Skinny Pete would say on Breaking Bad: that's church, yo.
More at
Financial Times: 3X0PUC4 (gated, limited access
--sutton
