Geometric spending rule

transferpricing

for endowments.. how testable is it?

bpdulog

95% confident...

lcai

Get it down cold bro.

pennyless

reasonably testable.... but i cannot get my mind around it... so wont waste too much time remembering it



Edited 1 time(s). Last edit at Monday, May 16, 2011 at 11:37AM by amg.

mar350

95% of 100% chance ;)

Zestt

SkipE99 Wrote:
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> wait until the last couple of days before the exam
> and just memorize it for the test then let it all
> dribble out after


exactly my strategy for a lot of nasty formulas

Iginla2011

ahem cfa charterholder!

Unforseen

deriv108 Wrote:
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> Not to scare any...just copy&paste...pretty?
>
> Spending(t) = Smoothing rate x
> + (1 - Smoothing rate) x (Spending rate x
> Beginning market value(t-1))
>
> -- shrinkage estimate? times series? inflation
> again? BMV -- like GIPS stuff.


Thanks for the refresher on this.