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RomeoStevens comments on Open thread, September 9-15, 2013 - Less Wrong
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I discussed this strat with a CFA, the expected returns are low enough to not be worth it.
I'd be interested to see a writeup of the numbers and expected return.
We did napkin math. The crux of the issue is that annuities are normally bad (risk adjusted returns below the market), so gaming them, while an improvement, aren't nearly enough of an improvement to take them all the way to good.