Talk on the PP

General Discussion on the Permanent Portfolio Strategy

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Hal
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Talk on the PP

Post by Hal » Tue Dec 08, 2020 2:24 am

Financial advisor comments on the PP at the start of this Q&A session.
https://www.youtube.com/watch?v=A5BIo38BCKM

All comments welcome ;)
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
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Matthew19
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Re: Talk on the PP

Post by Matthew19 » Tue Dec 08, 2020 11:19 pm

Time stamp would be helpful. Can’t sift through 1hr video for a quick mention
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Hal
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Re: Talk on the PP

Post by Hal » Wed Dec 09, 2020 2:03 am

Ask & it shall be given ;D

6:30 & 16:40
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perfect_simulation
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Re: Talk on the PP

Post by perfect_simulation » Wed Dec 09, 2020 7:59 am

He says we've been in a stock/bond bull run for 40 years so the PP did really well. But now stocks and bonds are fully valued so its not a great strategy. Problem is, who knows exactly if (and when) that's true. PP 100% full steam ahead!
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sophie
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Re: Talk on the PP

Post by sophie » Wed Dec 09, 2020 10:06 am

perfect_simulation wrote:
Wed Dec 09, 2020 7:59 am
He says we've been in a stock/bond bull run for 40 years so the PP did really well. But now stocks and bonds are fully valued so its not a great strategy.
This is the problem with all such critiques of the PP: this statement is absurd. If stocks and bonds are now terrible investments, then the PP wins over conventional portfolios hands down. Because, what do conventional portfolios consist of? 100% stocks and bonds, as opposed to 50% for the PP.

After that - not interested in anything else that party has to say. They're probably next going to advertise their active-management, stock-picking services, which I hope no one here will fall for.
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Smith1776
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Re: Talk on the PP

Post by Smith1776 » Wed Dec 09, 2020 12:00 pm

sophie wrote:
Wed Dec 09, 2020 10:06 am
perfect_simulation wrote:
Wed Dec 09, 2020 7:59 am
He says we've been in a stock/bond bull run for 40 years so the PP did really well. But now stocks and bonds are fully valued so its not a great strategy.
This is the problem with all such critiques of the PP: this statement is absurd. If stocks and bonds are now terrible investments, then the PP wins over conventional portfolios hands down. Because, what do conventional portfolios consist of? 100% stocks and bonds, as opposed to 50% for the PP.

After that - not interested in anything else that party has to say. They're probably next going to advertise their active-management, stock-picking services, which I hope no one here will fall for.
lol so succinct and so true. Great post!
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"We had a dream of what might be possible five years from now." — Mark Cerny, Lead PS5 System Architect
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Hal
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Re: Talk on the PP

Post by Hal » Wed Dec 09, 2020 5:32 pm

Smith1776 wrote:
Wed Dec 09, 2020 12:00 pm
sophie wrote:
Wed Dec 09, 2020 10:06 am
perfect_simulation wrote:
Wed Dec 09, 2020 7:59 am
He says we've been in a stock/bond bull run for 40 years so the PP did really well. But now stocks and bonds are fully valued so its not a great strategy.
This is the problem with all such critiques of the PP: this statement is absurd. If stocks and bonds are now terrible investments, then the PP wins over conventional portfolios hands down. Because, what do conventional portfolios consist of? 100% stocks and bonds, as opposed to 50% for the PP.

After that - not interested in anything else that party has to say. They're probably next going to advertise their active-management, stock-picking services, which I hope no one here will fall for.
lol so succinct and so true. Great post!
+1. He advises that we should be 100% cash and then "he" shall divine the bottom (for a fee) and state when to re-enter the market.
Actually he gave a great endorsement to the PP. It has worked well for 40 years.
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Re: Talk on the PP

Post by mukramesh » Thu Dec 10, 2020 11:25 am

+1 Sophie ;D
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Matthew19
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Re: Talk on the PP

Post by Matthew19 » Fri Dec 11, 2020 12:13 pm

This boob had to look to Wikipedia for what the PP actually is, meaning he doesn’t understand it and can’t have a properly formed opinion.

Here’s the thing, the PP is based on principles yet financial advisors invest based on circumstance.

A circumstance-based investor can’t comprehend a principle based portfolio. This is the root of all PP critiques.
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Re: Talk on the PP

Post by Smith1776 » Fri Dec 11, 2020 1:08 pm

Matthew19 wrote:
Fri Dec 11, 2020 12:13 pm
This boob had to look to Wikipedia for what the PP actually is, meaning he doesn’t understand it and can’t have a properly formed opinion.

Here’s the thing, the PP is based on principles yet financial advisors invest based on circumstance.

A circumstance-based investor can’t comprehend a principle based portfolio. This is the root of all PP critiques.
If we had a wiki I'd say this post should be immortalized.
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“Physics is the universe’s operating system.” — Steven R Garman
"We had a dream of what might be possible five years from now." — Mark Cerny, Lead PS5 System Architect
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