Subject: Re: What constitutes success?
After all, a smooth ride won't get you any higher standard of living the day you retire: only the portfolio balance matters. There is no point at all in seeking a low-volatility, low-drawdown, or low-stress portfolio *

I would have to respectfully disagree in some cases. Let's say you were lucky enough to accumulate a lot of money. What matters then is return of capital, and low stress, not return on capital.