The full write-up is now available here. Comments are welcome. The numbers have changed somewhat since before, and I trust them more now because they generally agree with theory.
I used 5.6% as the ex ante annual expected return and included black swans in my simulation. The simulation uses daily returns.
Thanks for those caveats. :)
The full write-up is now available here. Comments are welcome. The numbers have changed somewhat since before, and I trust them more now because they generally agree with theory.
I used 5.6% as the ex ante annual expected return and included black swans in my simulation. The simulation uses daily returns.