What specific risks do target date funds actually carry for retirees today, and how do those differ from what most investors believe they carry?

That’s a great parallel. In many cases — including Venezuela — the binding constraint isn’t resources but policy. Markets sometimes assume those constraints are immutable, even though history shows they can flip quickly under economic pressure.

If most TDFs hold ~90% risky assets near retirement while theory suggests much less, what would be a good rule of thumb for someone nearing retirement to determine if their fund is too aggressive?

Great read, thank you.

Good read, “NextDecade continued to sign strong SPAs. Their contractor Bechtel is ahead of schedule and on budget for Phase 1. And they didn’t issue any more equity. For now, it’s a development stage company with no revenues, and if it wasn’t already public, it wouldn’t seek a listing. But the long-term story remains intact, and we think double digit multi-year returns are in store for current holders.”

The acquisition of the F-4 Phantoms and the transition to a public company will significantly increase the cash burn in 2026. With the STARLAUNCH I test scheduled for early next year, how much 'room for error' does the current $60M cash position provide if that first flight identifies significant technical issues?

Good read.

Thought-provoking article. It raises real concerns about the lack of visible progress in the Canada-U.S. tariff talks — but I wonder if the “silence” may partly reflect a deliberate strategy on both sides, rather than negligence.

This is a thoughtful — and somewhat sobering — way to look at where we might be headed. The metaphor of “maybe one day you’ll fix typewriters” works well: as jobs and technology evolve, skills we take for granted could become obsolete — so thinking about fallback options, lifelong learning, or reinventing ourselves isn’t crazy.

This article really resonated with me. Especially the part about asking clients “If your grandchildren could describe your legacy in one sentence, what would you want them to say?” It is powerful. It shifts the conversation from accumulation to meaning. As some of us approach our twilight years, it really puts what is important into perspective. Great call-out.