Why You Should Be a Goals-Based Investor
[ad_1] Franklin J. Parker, CFA, is the author of Goals-Based Portfolio Theory, published by Wiley. Imagine for a moment that you owe a violent loan shark $10,000 by tomorrow morning. But today…
On Horses, Tractors, and Markets
[ad_1] Growing up on a cattle ranch in central Texas, I developed a certain respect for the tools of the trade. Horses, tractors, trucks, trailers, bailing wire, and duct tape…
How Goals-Based Portfolio Theory Came to Be
[ad_1] The following is excerpted from Goals-Based Portfolio Theory by Franklin J. Parker, CFA, published this year by Wiley. “I’ve heard people compare knowledge of a topic to a tree.…
Bernoulli’s Prisoner’s Dilemma: A Goals-Based Perspective
[ad_1] In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but needs two thousand ducats more to…
Wealth Management in the Algocen Era: A Speculative Future
[ad_1] Yvette’s inbox dings at 3:02 pm on 13 May 2038. It’s the list of trades executed by the algorithms that day. A quick review raises no red flags, which…