In episode 506, Joshua shares the pros and cons of living outside of your home country. He convinces David why he needs more than one passport. Finally, Joshua makes a strong case for not retiring, and if one does, under what circumstances.

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Show Notes

https://www.radicalpersonalfinance.com

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In our final episode of the year, I converse with author and data scientist Coco Krumme about the benefits and costs of optimization in finance, industry, and our daily lives. We explore AI and its overlap with optimization. We also consider the pros and cons of life optimization and finally discuss the extreme challenge of opting out.

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Show Notes

Optimal Illusions: The False Promise of Optimization by Coco Krumme—Penguin Random House

cocofolio.com

Coco Krumme—LinkedIn

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480: Beyond Faster (T+1) Trade Settlement: The Hidden Costs of Optimization

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How asset class returns move in cycles with periods of above-average returns followed by periods of lower returns. How has the rise of passive indexing led to higher stock valuations, and what does that mean for markets?

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Show Notes

The Equity Risk Premium: Nine Myths (JPM Series) by Rob Arnott—Research Affiliates

The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series) by Rob Arnott—Research Affiliates

PASSIVE INVESTING AND THE RISE OF MEGA-FIRMS by Hao Jiang, Dimitri Vayanos, and Lu Zheng—NBER

Limits to Diversification: Passive Investing and Market Risk by Lily H. Fang, et al.—SSRN

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