Benjamin Felix

Any other thoughts?

No, let's get to the episode.

Cool.

Let's go to our conversation with Michael Kothikoda.

Michael Kotakota, welcome to the Rational Reminder Podcast.

Very excited to be talking to you.

We like to joke with our audience that they like nerdy episodes, and I'm pretty sure this is going to be a very nerdy episode.

So quite interesting.

Yeah, that was another good nerdy episode.

Let's start off here.

In plain language, what is interdependent integrative financial planning theory?

Can you describe what you think the central insight of the theory is?

you've basically taken mathematics, applied it to building like a mathematical model of financial planning, broadly speaking, which itself is crazy.

And then there's a preferential weighting to each of those categories based on what somebody cares about.

And then there's a time dimension to how those things are going to change over time.

And you've taken all of that, put it into a model.

And then as you do in your paper, you kind of play with the model and test stuff out

The reality is that it is just a really, really complex topic, especially when you start getting into people's individual preferences and what they want, what that specific person wants to optimize for.

And you've taken that complexity and you've quantified it, which I think is the really interesting thing about what you've done here.

So you've got like the structure, which is like the whatever account types and entities that exist and assets and all that kind of stuff.