Benjamin Felix

When there's a market crash, things tend to crash together, being able to model stuff like that and just improving the overall simulation process further.

And then another big piece that we did not get to a John and his team, even though we talked about it quite a bit was figuring out proxies for alternatives.

Like if we wanted to do this process, for example, using individual stocks or venture capital or private equity or hedge funds or whatever the case may be.

A big part of that is finding good quality historical data that we can use to benchmark against what should our simulation look like.

So that's something that we're going to continue working through with the next groups of students.

But it's pretty cool having this relationship, seeing the impact that it's having.

We've moved a little bit in the right direction, but I think once we get through this next iteration, we will actually start deploying this into CarQuest, into the way that we're running our simulated data.

And at that point, it'll be having real impacts on students.

people's financial planning decisions, which I think is pretty cool.

All right.

I think that's it for the episode.

Thanks everyone for listening.

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision-making from two Canadians.

We're hosted by me, Benjamin Felix, Chief Investment Officer, and Dan Bortolotti, Portfolio Manager at PWL Capital.

Welcome to episode 410.

Yeah, so in this episode, we're joined by Shelley Antonevich, who I met in New York City when she was on a panel that I was moderating.

Shelley is the Chief Economist at the Investment Company Institute.

or ICI.

So ICI is a trade association representing the asset management industry and the individual investors that they serve.

And as a group, they advocate for policies that strengthen capital markets and democratize access to them for the benefit of long-term individual investors saving for retirement and other financial goals.