Read the Permanent Portfoilio Bible?

General Discussion on the Permanent Portfolio Strategy

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vnatale
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Read the Permanent Portfoilio Bible?

Post by vnatale » Wed Oct 09, 2019 7:16 pm

Curious as to how many of you have read Craig and Tex's book, which I refer to as the Permanent Portfolio Bible.

I first read it quickly. Then I read it more slowly in a studying fashion. And, since then I have gone back to reread selected portions of it. Not the parts that convince you do it since I've been long convinced of that. But the parts of all the mechanics of actually implementing it.

And, I'm viewing my participation here as similar to a Bible study to both reinforce what is in the book plus to clear up some items that may not have been so clear to me.

Thanks to all of you who have provided great, valuable information that has gone a long way in making a lot much clearer.
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Re: Read the Permanent Portfoilio Bible?

Post by jacksonm2 » Wed Oct 09, 2019 8:12 pm

vnatale wrote:
Wed Oct 09, 2019 7:16 pm
Curious as to how many of you have read Craig and Tex's book, which I refer to as the Permanent Portfolio Bible.

I first read it quickly. Then I read it more slowly in a studying fashion. And, since then I have gone back to reread selected portions of it. Not the parts that convince you do it since I've been long convinced of that. But the parts of all the mechanics of actually implementing it.

And, I'm viewing my participation here as similar to a Bible study to both reinforce what is in the book plus to clear up some items that may not have been so clear to me.

Thanks to all of you who have provided great, valuable information that has gone a long way in making a lot much clearer.
A lot of us here would probably consider Harry Browne's "Fail Safe Investing" to be the PP Bible and I belong to that group. Craig and MT's book came along later and only served to re-enforce and confirm what we had already learned from HB.
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vnatale
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Re: Read the Permanent Portfoilio Bible?

Post by vnatale » Wed Oct 09, 2019 9:09 pm

I did read that before reading Craig and Tex's book. And, then read it again. I also read Harry Browne's huge book that came out in 1988 and was astounded that 90% of it was still relevant. Made me wish I had read it in 1988 and followed it starting then!

But I thought that Craig and Tex's book was an excellent follow up to Fail Safe Investing. It was a great update and was far more detailed and proscriptive for someone who likes everything spelled out rather than having to read between the lines and guessing how to best make application.

Vinny
jacksonm2 wrote:
Wed Oct 09, 2019 8:12 pm
vnatale wrote:
Wed Oct 09, 2019 7:16 pm
Curious as to how many of you have read Craig and Tex's book, which I refer to as the Permanent Portfolio Bible.

I first read it quickly. Then I read it more slowly in a studying fashion. And, since then I have gone back to reread selected portions of it. Not the parts that convince you do it since I've been long convinced of that. But the parts of all the mechanics of actually implementing it.

And, I'm viewing my participation here as similar to a Bible study to both reinforce what is in the book plus to clear up some items that may not have been so clear to me.

Thanks to all of you who have provided great, valuable information that has gone a long way in making a lot much clearer.
A lot of us here would probably consider Harry Browne's "Fail Safe Investing" to be the PP Bible and I belong to that group. Craig and MT's book came along later and only served to re-enforce and confirm what we had already learned from HB.
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Re: Read the Permanent Portfoilio Bible?

Post by dualstow » Wed Oct 09, 2019 11:08 pm

I read, Fail-Safe, Best Laid Plans and Craig & MedTex’s book. I appreciate all three of them. I reread Best Laid Plans the most often, simply because I have the hardcover. The other two I have in Kindle form, so I tend to do more searching.

When i was first getting started,~2010, my favorite material was the radio archives, mp3’s of Harry’s ‘The Money Show’.

If the above books constitute the pp bible, this forum is the Talmud. Constant debate and interpretation of scripture. It’s the best.
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Re: Read the Permanent Portfoilio Bible?

Post by Kbg » Wed Oct 09, 2019 11:14 pm

To me, Best Laid Plans is the best of them.
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Re: Read the Permanent Portfoilio Bible?

Post by europeanwizard » Thu Oct 10, 2019 12:43 am

Never actually read HB's book, just Craig & Lawson's book. And like OP, re-read it again.
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vnatale
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Re: Read the Permanent Portfoilio Bible?

Post by vnatale » Thu Oct 10, 2019 8:05 am

I have also been listening to "The Money Show"!

And, initially I was going to make the same analogy that you did regarding this forum being like the Talmud but not being Jewish I did not want to mangle it with my limited understanding of it!

Vinny
dualstow wrote:
Wed Oct 09, 2019 11:08 pm
I read, Fail-Safe, Best Laid Plans and Craig & MedTex’s book. I appreciate all three of them. I reread Best Laid Plans the most often, simply because I have the hardcover. The other two I have in Kindle form, so I tend to do more searching.

When i was first getting started,~2010, my favorite material was the radio archives, mp3’s of Harry’s ‘The Money Show’.

If the above books constitute the pp bible, this forum is the Talmud. Constant debate and interpretation of scripture. It’s the best.
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Re: Read the Permanent Portfoilio Bible?

Post by Matthew19 » Thu Oct 24, 2019 7:18 pm

+1 on best laid plans being the best.

It’s one of the few books that will be required reading for my kids.
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Re: Read the Permanent Portfoilio Bible?

Post by frugal » Sun Nov 03, 2019 1:05 pm

Hi buddies,

I read Craig's book.

I listen to MP3 of HB.

Why should I read :

1- Fail-safe ...

2- Best Laid...

????

What can we learn more with them?

Thank you so much!

^-^
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Re: Read the Permanent Portfoilio Bible?

Post by vnatale » Sun Nov 03, 2019 4:06 pm

frugal wrote:
Sun Nov 03, 2019 1:05 pm
Hi buddies,

I read Craig's book.

I listen to MP3 of HB.

Why should I read :

1- Fail-safe ...

2- Best Laid...

????

What can we learn more with them?

Thank you so much!

^-^
Because Harry Browne is a great writer!

Fail Safe is a relatively quick read (I read it twice). It will show you where Tex and Craig started their work.

Best Laid is NOT a quick read. It is a long book. But it was amazing how 90% of it is still true 30 years later. With those 30 years of hindsight you can now better appreciate what revelatory book it was.

Vinny
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Re: Read the Permanent Portfoilio Bible?

Post by frugal » Mon Nov 04, 2019 12:35 am

vnatale wrote:
Sun Nov 03, 2019 4:06 pm
frugal wrote:
Sun Nov 03, 2019 1:05 pm
Hi buddies,

I read Craig's book.

I listen to MP3 of HB.

Why should I read :

1- Fail-safe ...

2- Best Laid...

????

What can we learn more with them?

Thank you so much!

^-^
Because Harry Browne is a great writer!

Fail Safe is a relatively quick read (I read it twice). It will show you where Tex and Craig started their work.

Best Laid is NOT a quick read. It is a long book. But it was amazing how 90% of it is still true 30 years later. With those 30 years of hindsight you can now better appreciate what revelatory book it was.

Vinny
Hi!

For me I think it is better to keep it simple and easy.

If it is long i am afraid it is too complicated.

I think it is time to listen to radio show again.

😊
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Re: Read the Permanent Portfoilio Bible?

Post by Matthew19 » Mon Nov 04, 2019 1:22 am

frugal wrote:
Sun Nov 03, 2019 1:05 pm
Hi buddies,

I read Craig's book.

I listen to MP3 of HB.

Why should I read :

1- Fail-safe ...

2- Best Laid...

????

What can we learn more with them?

Thank you so much!

^-^
Best Laid should be read to squash all desire to go outside of the PP with the money you cant affordable to lose. It’s insane how that book has kept me from feeling like I’m missing out on market moves anytime a motley fool ad pops up. I just roll my eyes now. I think if you’re not fully bought into the PP with Fail Safe, read best laid, or else you’ll second guess yourself along the way and start tinkering.
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