tag:blogger.com,1999:blog-5465015914589377788.post5745393197321189359..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: “Worry-Free Investing” Book Review, Part 3Michael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5465015914589377788.post-58445501722340173012008-04-11T11:17:00.000-04:002008-04-11T11:17:00.000-04:00The simulations probably assume historical means a...The simulations probably assume historical means and variances, normally distributed returns, and independence. <BR/><BR/>Dollars to donuts, returns over the next 25 years will be less than historical ones. Variances could be larger or smaller. You can be absolutely sure that returns are not normally distributed, and you can be pretty sure they are not independent.Anonymousnoreply@blogger.com