re: Is Modern Portfolio Theory Dead?

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From point A to point B, sure, but that’s not how life often works. I think that’s often overlooked in these threads. Average and median S&P 500 one year returns smoke pretty much every traditional asset, but it doesn’t mean it’s a good idea for money you need in 12 months.

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I never said that's realistic but that's what historical returns are based on. Also I was just countering the idea that investing in that specific allocation was better than the S&P 500 today because it outperformed for a past 50 year period.

That allocation hasn't outperformed the S&P 500 for the past 5, 10 year and 20 years going back from today.