What is the equation for success?

Brad Barrett emphasizes that success is highly personal and contingent on individual goals and circumstances. In a financial context, he discusses how defining success can impact strategies like determining your safe withdrawal rate. If preserving capital in inflation-adjusted terms defines your success, your withdrawal rate may need to be lower. Conversely, more flexibility in defining success could allow for a higher rate. The key is understanding and integrating various factors—like geo arbitrage and market conditions—into your definition of success 1.

Therefore, the "equation" for success isn't a one-size-fits-all formula but involves evaluating personal definitions and adapting strategies accordingly.