Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=11627
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.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.
lol so succinct and so true. Great post!sophie wrote: ↑Wed Dec 09, 2020 10:06 amThis 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.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.
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.
+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.Smith1776 wrote: ↑Wed Dec 09, 2020 12:00 pmlol so succinct and so true. Great post!sophie wrote: ↑Wed Dec 09, 2020 10:06 amThis 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.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.
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.
If we had a wiki I'd say this post should be immortalized.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.