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This reminds me of the anecdote about Harry Markowitz, the originator of what is called modern portfolio theory (which supposedly tells you how to allocate your money efficiently). When asked if he applied his theory IRL he said something along the lines of: Hell no, I just put a third in stocks, a third in bonds and a third in cash.

I think a theory of any kind that is not applied IRL by its creator should be seen with great suspicion.




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