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A comment on Save like a pessimist, invest like an optimist. Parent comment

Re:Save like a pessimist, invest like an optimist by pedrosorio on Saturday November 14, 2020 @01:40PM (#25094465)
People don’t keep EFs to maximize their expected net worth. They do it to keep worst case scenarios within reasonable bounds.

You argue keeping stocks is ideal for 2 (sure) and it doesn’t hurt 1 (assuming your net worth is significantly higher than what you’d keep as EF). Agreed.

An EF is for 3. Maximize long-term net worth in x th percentile of outcomes (where x < 10)

EDIT: “ you must really be against investing on margin while having an EF”. Yep.

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Re:Save like a pessimist, invest like an optimist by Moodles on Saturday November 14, 2020 @01:50PM (#25094552)
Ok but now we're just personally disagreeing on what x is, which as I said in my first post, is fine. But just be aware of the bias.
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