Episode 545: The Ins And Outs of Monte Carlos And Back Tests, The Golden Ratio For Radiologists, Broker Boilerplate, And Portfolio Reviews As Of October 16, 2026

In this episode we answer emails from Dave, Bob, and Waldo. We discuss how Monte Carlo simulations differ depending on their basis and how they differ from historical back-tests, the problem of trusting retirement calculators without understanding the assumptions inside them and choosing the correct assumptions, why the Golden Ratio portfolio is built for bad decades, and why a scary brokerage warning screen is often just strategic butt covering and marketing. And THEN we our go throu...