No. of Recommendations: 5
Yup it figures a tenured Yale professor (and various tenured professors from similar elite academic institutions) would post "advice" like this.
"stock market is uncorrelated with your employment income"
Really?
I guess so if you're a tenured Ivy League professor. Nice Fat paycheck, nice pension, gold plated health care, maybe subsidized housing, a network of alumni and emeriti to provide lucrative consultantships and corporate and foundation board positions, etc. etc. etc.
It's just dumb for most people.
Lots of people's employment income was "correlated" with the stock market during the GFC, wasn't it?
This guy's just a dumbass with a nice pedigree and severely infected with selection bias.
