In many ways, today's financial profession is producing better long-term analysis and planning than ever. But whenever I see a "gold-standard" planning process in action, I often ask the practitioner a question:
"Are all the numbers in your plan denominated in U.S. dollars?"
The answer, of course, is that dollar-denominated plans are all most planners have ever known. What's the alternative, anyway? Planning in euros or yen?
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