Reversion to mean constraints?

[gecko10x]

This very interesting article suggests that planning tools could be more accurate if they had some way to constrain the portfolio models with long-term reversion to the mean. Thoughts?

Kitces: Does Monte Carlo Analysis Actually Overstate Tail Risk In Retirement Projections?

(Article content removed by moderator to respect owner's copyright).

[jimr]

It is an interesting article.

Kitces 'Nerd's Eye View' blog is chock full of interesting content. It's in my RSS feed as a must read.