🧵 After first learning about modern portfolio theory and construction, I settled on the typical Boglehead Three-Fund Portfolio: Total US Stock, Total International Stock, Aggregate US Bonds. Adjust stock/bond ratio to match risk. Here are my "improvements" so far:

let the doctor cook

Seahawks with a Clyde Edwards-Helaire memorial pick to wrap up Night 1

Biggest "reach" in the first round according to the consensus big board: Malachi Lawrence By consensus mock drafts: Caleb Banks Biggest "steal" by both metrics: Keldric Faulk

Here is where each of tonight's 1st round picks sat on @ArifHasanNFL's consensus big board at the time they were drafted. The grey line indicates the average "best available" rank from previous drafts.

I wonder which one is his agent

At the time of pick No. 6, there was a 90% chance Mansoor Delane would make it to pick No. 9, per the Draft Day Predictor. Even if that number is a little high, that's the hidden cost of trade-ups: there's a substantial chance the Chiefs gave up a 3 and a 5 for nothing!

This will make a fine addition to my collection

Made an impact both on the field and off of it. Can't wait to see your name in our Ring of Honor, DJ 🫡

Many legendary traders are celebrated as “Market Wizards.” But how can we tell whether an extraordinary track record truly reflects skill, or whether it could simply emerge from randomness? To explore this question, imagine a large group of investors trading the market over many years. Suppose none of them has any particular skill. They invest in stocks largely driven by intuition or gut feeling. Even in such a world, probability tells us something remarkable: when enough participants are involved, a small number will inevitably end up with spectacular performance. This observation becomes even more relevant in environments where many traders compete and are evaluated over relatively short periods of time, sometimes just a single year. In our study, we simulate exactly this situation. Thousands of investors start with identical conditions and trade over time with no informational advantage. We then analyze the distribution of outcomes and focus on the traders who end up at the very top of the performance ranking. What we find raises an important question about how we interpret exceptional track records in financial markets. The full analysis and results of the experiment are available here. (link in the comments)

Q—What supplement should you take for heart health? A—None washingtonpost.com/wellness/… "The American Heart Association concluded that there is not enough evidence to support the use of any supplements to prevent cardiovascular disease." “There are no adequate data that support cardiovascular benefit for supplements in healthy people who eat a healthy diet" (—me)

"I need to park $50k of cash for 12 months. What are my options?"’ HIghest yields of saving products with a guarantee yield for one year: 52wk T-bill = 3.55% 12mo non-callable brokered CD = 3.80% at Vanguard & Schwab 12mo online bank CD = 4.10% at E*TRADE from Morgan Stanley 12mo online credit union CD = 4.25% at ValorFI Heroes (most states) 12mo credit union CD = 4.33% at Municipal CU (NYC) To maintain full liquidity AND a rate lock: 13mo No Penalty CD = 3.95% at Marcus by Goldman Sachs

(NEWS/@ClementeLisi) Here’s what you need to know about Sunni and Shi’a Islam — and how it impacts Iran and the current situation there.

Let’s Pray It’s Not What It Sounds Like: This Crime Report Keeps Referring To A Victim As John ‘The Rock’ Doe clickhole.com/lets-pray-its-…

Iran has always seemingly been right around the corner, months away from nuclearizing for over 35 years

Imagine if a nasal spray could make you immune not only to the viruses that cause COVID-19 and influenza, but to all respiratory diseases go.nature.com/4rNOZ5B

Resharing my piece from a few years ago about why I don't use RAS scores, even though they are broadly a pretty good proxy for athleticism wideleft.football/p/15-pro-d…

Warren Buffett: "If I want to speak [about politics] as a private citizen, I should resign from Berkshire [first]."

I remember.