One of the lessons from the November U.S. election and the June Brexit vote is that our ability to predict future events is fraught with error, even if the underlying data is relatively sound. National polls were roughly in line with the final U.S. popular vote (with geographical differences) yet a lot of the analysis […]
The other day our friend John at Married With Debt hosted a guest post from Rob Bennett of Passion Saving. You might remember John from our collaboration on the relative taxation of Presidents Obama and Bush. Rob, on the other hand, is a bit of an enigma in the Personal Finance world. On the one hand, he has very interesting theories on safe withdrawal rates and buy and hold investing based on market valuations. On the other hand? He weaves a tale which makes the stories of Alexander Litvinenko and Gareth Williams seem somehow tame by comparison. I’m not going to touch that further than describing it (Google around if you care), but there is precedence for disruptive financial theories causing anger. Let’s tackle the merits of Rob’s arguments, shall we?