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General Discussion on the Permanent Portfolio Strategy

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edsanville
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Re: No where to hide

Post by edsanville »

buddtholomew wrote: Nothing to see here, everything's great!

Oh yeah, 3rd day of losses in a row. Only down 70K now.

When will you guys come to your senses?
Come to my senses and invest in what?
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Re: No where to hide

Post by iwealth »

buddtholomew wrote: Nothing to see here, everything's great!

Oh yeah, 3rd day of losses in a row. Only down 70K now.

When will you guys come to your senses?
Of course I wouldn't expect you to divulge details but if you started with $1 million, that's a measly 7% drawdown, well within the range of what'd be expected from even a 100% bond portfolio. I thought you were a wealthy guy. Given the negativity I'd have expected you to be down a LOT more than $70k.
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Re: No where to hide

Post by dualstow »

You're going to be richer in the long run, Budd.
But, keep these posts coming anyway. I'm enjoying the avatar.
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buddtholomew
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Re: No where to hide

Post by buddtholomew »

iwealth wrote:
buddtholomew wrote: Nothing to see here, everything's great!

Oh yeah, 3rd day of losses in a row. Only down 70K now.

When will you guys come to your senses?
Of course I wouldn't expect you to divulge details but if you started with $1 million, that's a measly 7% drawdown, well within the range of what'd be expected from even a 100% bond portfolio. I thought you were a wealthy guy. Given the negativity I'd have expected you to be down a LOT more than $70k.
Typo, 7K and I'm speaking about today only.
Last edited by buddtholomew on Wed Aug 26, 2015 10:41 am, edited 1 time in total.
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Re: No where to hide

Post by dragoncar »

Pointedstick wrote:
buddtholomew wrote: Nothing to see here, everything's great!

Oh yeah, 3rd day of losses in a row. Only down 70K now.

When will you guys come to your senses?
When will YOU come to your senses? It is utterly perplexing to me that you invest in a portfolio you hate and believe is broken, but refuse to exit. Face it: the PP is not for you. You prefer stocks for your long-term and can't tolerate even the smallest shred of volatility for your short-term money. You tried the PP and found it didn't suit you. No shame in admitting that.
I might just exit the PP the next time it's beating the market.  If stocks are beat down it might be a good time to switch back to a classic bogleheads. But today is not that day

Ps I would also like to get a life please send me your newsletter
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buddtholomew
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Re: No where to hide

Post by buddtholomew »

In your eyes, the PP can do no wrong. Why don't you admit that it is not working as expected. Down 2/4 years or 50% of the time I have been invested.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
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l82start
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Re: No where to hide

Post by l82start »

buddtholomew wrote: In your eyes, the PP can do no wrong. Why don't you admit that it is not working as expected. Down 2/4 years or 50% of the time I have been invested.
  i think i read somewhere in the small print that two year down turns, and occasionally consecutive ones were a part of the PP performance range.. 

anyway.. everything that has happened since i have owned a pp has been well within what i expected.. 
i think i am beginning to understand your frustration with it though, if i were in your situation i guess i would be too
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Post by mathjak107 »

while the pp cuts volatility there is no guarantee you will be up .  there is no question it did its thing . looking at my hypothetical pp I still track I see it down 44k.    that is 1/2 my model; . but my model is recovering at a faster rate being only down 60k from the  near 90k at the lows .

the pp was only down 34k at the lows but is taking its lumps now but still not as bad .

if it is lower volatility you want you got exactly what you paid for
Last edited by mathjak107 on Wed Aug 26, 2015 2:27 pm, edited 1 time in total.
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Re: No where to hide

Post by dualstow »

We know we cannot predict the markets, but one thing is easily predictable: the pp will lose some investors until it goes up again. When it goes up, it will attract new investors, and perhaps some repentants.
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Post by Reub »

Wasn't it nice when we had the two people who started this website always posting on here (and on the Bogleheads site beforehand) and they were always promoting, explaining and defending the PP? Why did they stop? I miss that!
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Re: No where to hide

Post by dualstow »

Reub wrote: Wasn't it nice when we had the two people who started this website always posting on here (and on the Bogleheads site beforehand) and they were always promoting, explaining and defending the PP? Why did they stop? I miss that!
I think it was Bob Dylan who said, I don't need to refute every allegation about me. I think it's enough that there is always *someone* on this forum at any given time who is willing to reiterate the principles. I mean, it's got to get boring after a while for the same person to have to keep doing it. The book is out there. The forum is out there. Why not just reread what they already wrote if it hasn't changed?

You make it sound like they started a scam and then ran off with ill-gotten gains.

I always wonder how 90-year-old Taylor Larimore keeps it up at Bogleheads.
Last edited by dualstow on Thu Aug 27, 2015 8:30 am, edited 1 time in total.
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Re: No where to hide

Post by LC475 »

buddtholomew wrote: In your eyes, the PP can do no wrong. Why don't you admit that it is not working as expected?
That one's easy: because it is working as I expected!

What more could I ask?
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Post by PP67 »

I may be a little too simple-minded on this but if I post the Peak-to-Trough results of a HBPP allocation for the time I've been using it and post the resulting CAGR on Tyler's terrific PP real returns over time plot and it is within the bands shown for that time period, I conclude that there is nothing really wrong with how the PP is performing up to this point...  I may be currently below the median point but I am above the low point...  I may have been hoping for the median return but I shouldn't complain if I am somewhere along that vertical range of outcomes...

http://portfoliocharts.com/portfolio/pe ... portfolio/
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Re: No where to hide

Post by Reub »

dualstow wrote:
Reub wrote: Wasn't it nice when we had the two people who started this website always posting on here (and on the Bogleheads site beforehand) and they were always promoting, explaining and defending the PP? Why did they stop? I miss that!
I think it was Bob Dylan who said, I don't need to refute every allegation about me. I think it's enough that there is always *someone* on this forum at any given time who is willing to reiterate the principles. I mean, it's got to get boring after a while for the same person to have to keep doing it. The book is out there. The forum is out there. Why not just reread what they already wrote if it hasn't changed?

You make it sound like they started a scam and then ran off with ill-gotten gains.

I always wonder how 90-year-old Taylor Larimore keeps it up at Bogleheads.
Where did I say that they started a scam? I just wonder how they could be so into the PP to engage in vehement post after post on the BH site, then start this site, write a book about it, and then pretty much disappear for long periods of time. It doesn't take a lot of effort to write an occasional post or two on a semi-regular basis as most of my posts prove.
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Re: No where to hide

Post by dualstow »

Reub wrote: Where did I say that they started a scam? I just wonder how they could be so into the PP to engage in vehement post after post on the BH site, then start this site, write a book about it, and then pretty much disappear for long periods of time. It doesn't take a lot of effort to write an occasional post or two on a semi-regular basis as most of my posts prove.
You never did, explicitly. But, since this is not the first time you've asked, in essence, "Where are they now", I get the feeling that some people feel they were just out to sell books -- in fact, didn't this come up once? -- and I seriously doubt they made a ton of money off of those book sales. If you don't feel that it's a scam, I'm happy. But, once we know how the pp works, how much handholding do we really need? And does it have to be from those two?
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Re: No where to hide

Post by MediumTex »

Yeah, where are those guys?

I heard that one of them ran off to Japan for awhile.
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Re: No where to hide

Post by mathjak107 »

Brazil with the book money ...
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Post by MediumTex »

mathjak107 wrote: Brazil with the book money ...
Probably so.
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Post by dualstow »

Currently "washing" the money through a carpet vacuuming business, as the authorities have really clamped down on car washes since Breaking Bad was broadcast.
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Re: No where to hide

Post by Reub »

It's good to see I've flushed one of them out! At least for one day.
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Post by MediumTex »

Reub wrote: It's good to see I've flushed one of them out! At least for one day.
Here is my answer to that.

Image
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Post by Greg »

Image

Wonder if John Travolta was talking to this guy?
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Post by craigr »

MediumTex wrote: Yeah, where are those guys?

I heard that one of them ran off to Japan for awhile.
I'm sorry but my satellite comms on my globetrotting yacht was down for a few days so I couldn't post.

But you know the best thing about writing a book on a niche investing strategy is? The free bar of gold we receive each month for our efforts. Not to mention the extensive fees we receive for each post we make on an internet forum. The profits vs. time expended has been phenomenal. Frankly, I have had a hell of a hard time spending all the money on just strippers. I need to find either a good healthy drug addiction to blow all the royalties, or more expensive strippers.
Last edited by craigr on Sat Aug 29, 2015 6:25 pm, edited 1 time in total.
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Re: No where to hide

Post by dualstow »

You need a snortfolio.
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Post by MediumTex »

craigr wrote:
MediumTex wrote: Yeah, where are those guys?

I heard that one of them ran off to Japan for awhile.
I'm sorry but my satellite comms on my globetrotting yacht was down for a few days so I couldn't post.
Whoa dude, you only have one yacht?

I bought a yacht for every member of my family.  I named them the Nina, the Pinta, the Santa Maria, the Palais Aqua, and the J-Law PP Pimp Pod.

I'm like L. Ron Hubbard sans the 501(c) tax exempt status.

And the groupies...don't even get me started.  I'm thinking about buying another yacht just for them.  I'm going to call it "Browne Skeazin".
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