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Benjamin Felix

πŸ‘€ Speaker
1637 total appearances

Appearances Over Time

Podcast Appearances

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

And if you do that, this is the outcome.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

And then we'll kind of get a feel for how the client responds to that.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

But you've quantified that, which I think is really cool.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

It's intuition gained from professional experience.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

You mentioned the tensors.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

I learned a bunch of words from your paper that I hadn't really seen in this context before.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

So your paper also talks about curved surfaces, cornered spaces, binding constraints, manifolds and corners.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

I'm reading this like, what is happening?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Can you talk about what that stuff means?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

What is the shape of financial planning and why does that matter to the understanding the overall system?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Like simple two-dimensional calculus, you can fairly easily do an optimization.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

But you're talking about doing optimization over a three-dimensional service that is not smooth.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

I mean, that's what you're trying to solve.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

We've got this kinky three-dimensional space that's all weird and stuff, and then we're trying to solve it with strategies that exist.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

And so you can do that optimization at a point in time, but then as we move through time, the available strategies are going to change and that's going to change the optimization process.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

In the mathematical model, what domain objective functions are being optimized over?

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Viscosity solutions in financial planning is not something that I would have

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Oh, yeah, it makes sense.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

Once you've explained it all.

The Rational Reminder Podcast
Episode 407: Michael Kothakota - The Shape of Financial Planning

If someone told me that we were going to be talking about viscosity in a financial planning conversation, I was like, what are you talking about?