Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Are you willing to specify the date on which you and Anonymous first called on Greaney to correct the error in his study?
Evidence-Based Investing: I never called for him to correct his study. A study that calculates the withdrawal rates that survived different historical time periods does not require a valuation adjustment.
It simply requires the calculation of what rate survived.


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