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Sustainable Returns and Long-Horizon Metrics

Defines a “sustainable return” (a withdrawal rate that preserves real capital) and shows that return-sequence risk and reinvesting interim cashflows are key for long-term outcomes beyond simple short-period averages.

Featured in No. 117 on 27 Oct 2025 · on release day

Released
27 Oct 2025
First featured
No. 117 · 27 Oct 2025
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Identifier
RePEc:taf:ufajxx:v:81:y:2025:i:1:p:33-62

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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