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The financial market is like a religion you're forced to join. I really don't want to devote any brain cycles to thinking about The Market and What It is Thinking and How to Win Its Favor for My Portfolio, but like everybody else I have to. Passive investing is agnosticism.
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* Most (90%?) retirement flows ➡️ target date funds, by regulatory mandate that defaults for 401ks/etc meet certain parameters; one-variable investing (age); they assume a relatively recent stock/bond ~anti-correlation * By his modeling, we're nearing passive dominance of active
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By trying to trade options (in very, very small size at first), I've been sucked into many finance rabbit holes in the last few years that I would never have found interesting previously. It's definitely a time commitment 😅 Mike's Odd Lots episode above is pretty digestable
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