Examples of Orthogonality

1. Target date funds

There have been a couple of serious bear markets since these came to be, the Financial Crisis and this year, and they did badly both times.

2. ESG Funds

The broad based ESG funds are almost entirely marketing gimmicks.

3. Video Games

Just don't.

4. Fantasy Football

I can't articulate why but this has never sat right with me for some reason and I am a huge football fan.