THE ALLEGORY OF THE HAWK AND SERPENT

General Discussion on the Permanent Portfolio Strategy

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ppnewbie
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Re: THE ALLEGORY OF THE HAWK AND SERPENT

Post by ppnewbie » Fri Jan 01, 2021 10:52 pm

pmward wrote:
Wed Apr 29, 2020 2:36 pm
ochotona wrote:
Wed Apr 29, 2020 1:37 pm
pmward wrote:
Wed Apr 29, 2020 11:06 am
If you are an accredited investor, Artemis is a good long vol company worth looking at, and I'm a fan of Dunn for CTA's. If you're not an accredited investor, the PP is probably the closest you can come to this portfolio.
I've done the high-level task of requesting monthly returns from Dunn, importing them into PortfolioViz when you could do it for free, and doing the CAGR, Drawdown, Sharpe and Sortino ratios. And Dunn Capital's Macro fund was still worse than equity trendfollowing plus HBPP which you can do yourself

I used to be in Windhaven at Schwab. HBPP beats it handily. Nice prospectus, though.

It's just really hard to beat the basic DNA of the HBPP.
Yeah, but for the reasons he was including CTA in the dragon portfolio, Dunn is a better fit than just equity only trend. Dunn is much better diversified, and in a stagflationary environment would out perform stock only trend.

And yes, I agree about the PP. It's a very resilient portfolio that is so much simpler to implement than something like the dragon portfolio. There's a reason why my "core" holdings (aka "the money I can't afford to lose") is chilling in a PP.
One red flag, for me at least - I was listening to interview with Chris Cole (Maybe MacroVoices) but they said something to the effect that they were not going to ask him about the commodity trend part of the portfolio because that was not his area of expertise - IE He could not answer the questions.
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ochotona
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Re: THE ALLEGORY OF THE HAWK AND SERPENT

Post by ochotona » Sat Jan 02, 2021 9:41 am

ppnewbie wrote:
Mon Sep 14, 2020 4:45 pm
August 2020 Returns from Artemis Capital Management:

Artemis Vega Fund, LP: +0.38%1
Artemis Hedgehog Composite: -1.90%2
The YTD net performance is:
Artemis Vega Fund, LP: +23.10%1
Artemis Hedgehog Composite: +5.81%2
FYI, I only slightly trailed the Artemis Vega Fund for 2020, and my drawdown measured from end of Jan to end of Mar was -3.5%. I only compile portfolio values monthly.
ppnewbie
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Re: THE ALLEGORY OF THE HAWK AND SERPENT

Post by ppnewbie » Sun Jan 03, 2021 1:35 am

I am up a good bit as well in the range of 25 percent - but I think my drawdown was heavier. I’ll add the numbers in a bit. I think my drawdown was a little heavier because my allocation more closely resembled a GB.

I am now approx 30 gold 30 stocks 20 LTT (which frighten me) and 20 cash (which worries me).
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