A Financial Plan Can Perfectly Solve the Wrong Problem
31.10.2026
POSITION PAPER · No. 01
Zenodo
DOI: 10.5281/zenodo.22945372
Maxim Bagaev
Architect of Family Capital, founder of MN SAPIENS
ORCID: https://orcid.org/0009-0005-3180-1139
Zenodo
DOI: 10.5281/zenodo.22945372
Maxim Bagaev
Architect of Family Capital, founder of MN SAPIENS
ORCID: https://orcid.org/0009-0005-3180-1139
About this paper
The paper sets out the position of MN SAPIENS: the quality of a financial decision depends on more than the accuracy of calculations. Before financial engineering begins, the life context, the participants’ positions and the role capital should play in the family’s system of decisions must be established.
Key distinction
A financial plan can be professionally impeccable while solving a problem that has been framed incorrectly.
This is not a defect of financial planning as a discipline. It is the boundary between framing a problem and subsequently implementing its financial solution.
This is not a defect of financial planning as a discipline. It is the boundary between framing a problem and subsequently implementing its financial solution.
Status and limitations
An institutional position paper of MN SAPIENS. It states a professional position and a methodological distinction; it is not an empirical study and does not establish a universal causal relationship.
