Optimal Stock Share Is Low
38:29–39:57 · 89s
Patrick reveals his model’s headline result: for most working-age households, the optimal stock share of liquid wealth is only 10–40%, largely because liquidity needs force selling during crashes.
38:29–39:57 · 89s
Patrick reveals his model’s headline result: for most working-age households, the optimal stock share of liquid wealth is only 10–40%, largely because liquidity needs force selling during crashes.
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