- Survivorship bias is everywhere and it’s hard to know what to count and how.
- Lower transaction costs mean “20 is the new 15” as far as normalized PE?
- You aren’t reinvesting dividends.
- You will try to buy the “dip” in software and be 4 years early.
- Eat the kids before they eat your portfolio.
- You won’t live long enough and start saving early enough.
- Piketty is an idiot – your heirs will be too!
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