Gyroscopic Investing

Good Swedroe interview where he talks about how what to do if you've overestimated your risk tolerance in this crash.

https://fast.wistia.net/embed/iframe/ogpl6ol4en

It's always worthwhile hearing his insights.

What's his salary

boglerdude wrote: ↑Tue Mar 31, 2020 10:57 pm What's his salary

4,300 ounces of gold a year.

Thanks very much for posting this interview. Larry's one of the all-time greats of investment writing, that's for sure.

I especially appreciated his discussion of ability, willingness and need to take risk - the three-legged stool, so to speak, for deciding how much equity risk to take - to one's employment situation. As we're seeing with tragic consequences as this Coronavirus pandemic unfolds, there are entire industries that simply won't exist in the way we're used to them existing going forward, from restaurants to retail.

Good short interview and nice to see Larry's kitchen. :-)
Thanks for posting, Smithers.

You're welcome, guys.

Not everyone is a fan of Larry. He's butted heads with forum members both here and at the Knuckleheads forum. For what it's worth, I think Larry is one of the good guys who is really worth listening to.

I think his ideas of factor tilting are very well applicable to the PP. My current 25% equity allocation is split as follows in one of my accounts:

- 1/3 in Vanguard global market cap weight (VEQT)
- 1/3 in Vanguard global value factor fund (VVL)
- 1/3 in DFA SCV+quality funds (MEME.B, MCSM, MINT.B, MUSC.B)

That must be pretty recent. Didn’t you have your whole portfolio down to just two Canadian funds?

dualstow wrote: ↑Wed Apr 01, 2020 8:50 pm That must be pretty recent. Didn’t you have your whole portfolio down to just two Canadian funds?

I have three different PP implementations currently. One each for my TFSA, RRSP, and taxable accounts.

The 2-fund implementation of the PP is in one of them. A 4-fund implementation is in my TFSA. The one with the big variety of funds above is in my RRSP.