Search found 238 matches

by Smith1776
Thu Nov 21, 2019 4:55 pm
Forum: Permanent Portfolio Discussion
Topic: 600 Members Coming Up
Replies: 46
Views: 11823

Re: 600 Members Coming Up

Honestly, what really interests me is the idea of getting together a conference of PP adherents once we gather enough members.

Maybe Craig and/or Tex would be willing to make a comeback for such a thing.

Really though, it would be like a Bogleheads conference but BETTER.
by Smith1776
Thu Nov 21, 2019 1:34 am
Forum: Other Discussions
Topic: Jim Rickards new book is an interesting read - almost PP like
Replies: 21
Views: 2451

Re: Jim Rickards new book is an interesting read - almost PP like

Why do financial authors all seem to have a penchant for quoting classic texts like this?

Ben Graham, too, had lots of quotes from Horace, Virgil, and the like. I believe Burton Malkiel has a few as well.
by Smith1776
Thu Nov 21, 2019 1:31 am
Forum: Permanent Portfolio Discussion
Topic: Hong Kong Proves the PP's Mettle
Replies: 13
Views: 314

Re: Hong Kong Proves the PP's Mettle

Thanks for the thoughts, fellows. It strikes me as interesting how fragile the seeming stability of one's home really is. It really doesn't take much -- just one event, just one knock away from equilibrium to turn a person's entire life upside down. What's worse, a return to normality is never guara...
by Smith1776
Tue Nov 19, 2019 3:16 pm
Forum: Permanent Portfolio Discussion
Topic: Hong Kong Proves the PP's Mettle
Replies: 13
Views: 314

Hong Kong Proves the PP's Mettle

I'm busy at work so I won't be able to expound on this quite as much as I'd like to, but I figured I'd make a post about this before it slipped my mind. The recent events in Hong Kong have made it abundantly clear that the PP and its "all weather" philosophy to investment (and even life!) is as rele...
by Smith1776
Thu Nov 14, 2019 1:52 pm
Forum: Other Discussions
Topic: Budget Deficits
Replies: 17
Views: 277

Re: Budget Deficits

My overall personal take is that the U.S. is currently in the same situation the British were in before the two World Wars. A financial and hegemonic powerhouse of the world slowly losing its influence, only to have it abruptly drop off due to some type of systemic event. A kind of punctuated equili...
by Smith1776
Thu Nov 14, 2019 1:24 pm
Forum: Other Discussions
Topic: Budget Deficits
Replies: 17
Views: 277

Re: Budget Deficits

ochotona wrote:
Thu Nov 14, 2019 1:21 pm
Smith1776 wrote:
Thu Nov 14, 2019 1:18 pm
Keep that gold close, my friends.
Keep the gold close, and the lead closer.
That's the best prepper tagline I've ever heard.

You'd better copyright that before someone takes it! ;D
by Smith1776
Thu Nov 14, 2019 1:18 pm
Forum: Other Discussions
Topic: Budget Deficits
Replies: 17
Views: 277

Re: Budget Deficits

As far as I'm concerned, I think it's the endgame for the current U.S. monetary regime as well as U.S. dollar hegemony. The arithmetic of the budget deficits, without even including the off balance sheet stuff, militates strongly against any possibility of continued solvency. And there is no politic...
by Smith1776
Thu Nov 14, 2019 12:33 pm
Forum: Permanent Portfolio Discussion
Topic: What is your current portfolio?
Replies: 33
Views: 3757

Re: What is your current portfolio?

Current allocation, which I'm HOPING is now permanent -- it is the permanent portfolio after all, right? ;D :o Digital PP: 25% T-bills 25% Long term government bonds 15% Gold 5% Silver 5% Total world market cap weight equity 5% Global value fund 5% Canadian SCV 5% U.S. SCV 5% International SCV 5% Em...
by Smith1776
Wed Nov 13, 2019 1:11 pm
Forum: Variable Portfolio Discussion
Topic: Buy Stocks at All Time Highs
Replies: 21
Views: 672

Re: Buy Stocks at All Time Highs

If you split up your equity allocation with different tilts, then at least you minimize your exposure to the most expensive stocks to only part of your portfolio.

Diversification! ;D
by Smith1776
Mon Nov 11, 2019 6:03 pm
Forum: Other Discussions
Topic: Netflix junkie
Replies: 37
Views: 6300

Re: Netflix junkie

ILIZA'S NEXT SPECIAL IS ALMOST OUT! YAAAASSSSS!!!

https://youtu.be/ATDhYdHbvc0
by Smith1776
Sun Nov 10, 2019 1:57 pm
Forum: Other Discussions
Topic: Bill Gates Becomes Latest Billionaire To Grapple With Elizabeth Warren
Replies: 14
Views: 601

Re: Bill Gates Becomes Latest Billionaire To Grapple With Elizabeth Warren

Some billionaires are worthy targets of scrutiny and even ridicule. Gates isn't one of them. The man is using his wealth for insane good, and is pledging to use it for vaccines, saving lives, and helping the poorest of the poor. Warren is off the mark here. Gates made his fortune by serving society....
by Smith1776
Sun Nov 10, 2019 12:24 am
Forum: Variable Portfolio Discussion
Topic: Thoughts on Emerging Markets?
Replies: 16
Views: 2456

Re: Thoughts on Emerging Markets?

Fully one fifth of the equity portfolio of my portfolio is invested in emerging markets. Emerging markets SCV to be exact. Emerging markets are riskier than developed markets. And markets are very efficient. It stands to reason that the market will then price emerging market stocks to have higher ex...