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I strongly recommend also studying the comment thread, darwinian, midhenry and the authors, as it is much more sophisticated and nuanced (and spirited) than the usual retirement investing guff, or indeed than many of our discussions here. Scholarly pro types, it appears.
With all due respect, isn't this just another play on the old "greed vs fear" equation? Where was all this fancy figuring back when everything was dropping like a rock 5 years ago? Took a leap of faith than for some to entrust their retirement savings to a traditional money market fund. Guess a near tripling of equity values must have same effect on these strategists as a third shot of Jack Daniels. Everything suddenly looks rosier.
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