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A comment on Harry Browne’s 17 Golden Rules of Financial Safety (2013). Parent comment

Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by TacticalCoder on Sunday September 03, 2023 @05:51PM (#37374949)
> So look at your peers (your socioeconomic class) and match the average portfolio.

> The point is simply to keep up with your peers’ returns on their wealth that they also can’t afford to lose

Wait... Why the heck would I give care about what my "peers" (whatever that is) are making as returns? I don't care about keeping up with the Jones.

Does copying my peer's average portfolio somehow protect mine? As in: is that some game theory thing where because they all do that, what they own keeps some value and hence I should copy that?

I'm genuinely asking.

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by hammock on Monday September 04, 2023 @09:33AM (#37380301)
Because at the end of the day, for humans (and any lifeform competing, in the biology sense, with others of their sexually-reproductive species), relative advantage trumps absolute advantage
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