[jorblumesea]

How is data before 1950 even relevant in today's investing world?

Between MMT, finanicialization of the economy, stock buy backs, Bretton Woods, tax codes, robo investing and indexing...

Interesting stuff but really not super helpful in assessing risk.

[kqr]

I think this sort of retrospective is more about informing people of the possible range of outcomes under various market conditions, rather than claiming to know exact probabilities of specific outcomes.

[MuffinFlavored]

it seems impossible to assess risk of current environment based on history

i wonder if that’s been perpetually true for all of history?