Benjamin Felix

Cool.

I think we mentioned with John, this project is ongoing.

I think the analogy that I use is that John and his team have left some breadcrumbs for the next group of students that will come through.

With Professor Robbins' guidance, he's got some pretty cool ideas for how we can make this simulation process even better and account for other interesting stuff like correlations that are time varying.

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.