Yeah, this is “continuous” in this context.
No, this statement indicates that you are always “playing with the whole bankroll”. Has nothing to do with the length of the time step.
The modern portfolio theory assumes log-normal distribution of returns. This is what I was trying to acquire.
Nice idea, because nominal stock returns can be misleading, especially in your decumulation/retirement phase. Stock market gaining 2% doesn’t mean you got 2% more spending power if inflation’s risen by 2%.
Someone should inform cash/bond investors too who get excited about their nominal interest rates
Let’s have a bit more fun!
To classify the state of the stock market, as quantified by a specific index, I am going to consider these five regimes:
These regimes can be utilized, for example, to define different portfolio consumption rates, adapting them to the current market conditions.
And I hope I won’t need to define a ‘Deep Bear Market’ any time soon.
I’d love a discussion between him and RR folks on this topic. 
You mean him and Ben? 
Yeah, with Benoit, but also with some of their guests vouching for SCV.
There are some podcasts linked in the original post, so maybe it has happened already.
For all calculation freaks: here you can download LIK/Swiss CPI index values with an insane precision of up to 7 numbers! All bases and 12 month changes in the same file.
