Purpose of the PP

General Discussion on the Permanent Portfolio Strategy

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stuper1
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Re: Purpose of the PP

Post by stuper1 » Fri Dec 07, 2018 2:14 pm

Budd, I don't think you get our point. Even Harry Browne wasn't 4 x 25, and he was the inventor of the PP. He was only 4 x 25 for a certain portion of his portfolio -- the portion that he figured was too important to bet on riskier investments. Each PP investor has to figure out for themselves what that portion is.
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buddtholomew
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Re: Purpose of the PP

Post by buddtholomew » Fri Dec 07, 2018 5:25 pm

stuper1 wrote:
Fri Dec 07, 2018 2:14 pm
Budd, I don't think you get our point. Even Harry Browne wasn't 4 x 25, and he was the inventor of the PP. He was only 4 x 25 for a certain portion of his portfolio -- the portion that he figured was too important to bet on riskier investments. Each PP investor has to figure out for themselves what that portion is.
If you change the allocation to suit your needs, then the PP no longer exists as advertised.
What is so special about stocks, bonds, gold and cash...most investors hold ALL these assets in proportions other than 4x25%.
If there's no magic to being agnostic about the future (equal parts, 25% each for economic environments) then what the hell are we doing here.
The more you move away from 4x25, the closer you are to a traditional Boglehead portfolio with a sliver of gold.
Where's the genius and ingenuity...you're telling me it doesn't exist as HB himself only held the PP for a portion of his investments.
What a farce.

After years of under-performing a traditional 60/40 SPY/BND portfolio, the PP is now -4% lower than this allocation YTD. Please...
stuper1
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Re: Purpose of the PP

Post by stuper1 » Fri Dec 07, 2018 6:56 pm

They say that money can't buy happiness.

However, it can buy books ... which is almost the same thing.

You could do worse than starting with some of HB's. Or the Bible. Or both.
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buddtholomew
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Re: Purpose of the PP

Post by buddtholomew » Fri Dec 07, 2018 8:32 pm

stuper1 wrote:
Fri Dec 07, 2018 6:56 pm
They say that money can't buy happiness.

However, it can buy books ... which is almost the same thing.

You could do worse than starting with some of HB's. Or the Bible. Or both.
You’re right, I have enough.
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Xan
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Re: Purpose of the PP

Post by Xan » Fri Dec 07, 2018 10:15 pm

buddtholomew wrote:
Fri Dec 07, 2018 10:37 am
Mr Vacuum wrote:
Fri Dec 07, 2018 10:32 am
The fool is the person who thought it had anything to do with the top of a pyramid.
Actually I think you are the fool.
I’ve run across people like you all my life, thinking they are superior than someone else in one way or another.
Again, humorous to me these are usually the losers of the bunch Mr. vacuum cleaner. Like the PP, you suck.
Budd, this has always been a very "hands-off" forum in terms of moderation. Please help us keep it that way. "Mr Vacuum Cleaner" has decided this forum is no longer worth his effort, and based on the personal attack here I don't think I blame him for that opinion.
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buddtholomew
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Re: Purpose of the PP

Post by buddtholomew » Sat Dec 08, 2018 7:56 am

Xan wrote:
Fri Dec 07, 2018 10:15 pm
buddtholomew wrote:
Fri Dec 07, 2018 10:37 am
Mr Vacuum wrote:
Fri Dec 07, 2018 10:32 am
The fool is the person who thought it had anything to do with the top of a pyramid.
Actually I think you are the fool.
I’ve run across people like you all my life, thinking they are superior than someone else in one way or another.
Again, humorous to me these are usually the losers of the bunch Mr. vacuum cleaner. Like the PP, you suck.
Budd, this has always been a very "hands-off" forum in terms of moderation. Please help us keep it that way. "Mr Vacuum Cleaner" has decided this forum is no longer worth his effort, and based on the personal attack here I don't think I blame him for that opinion.
Don’t really care; nothing here for me either but smoke and mirrors. I’ve had my fair share of negativity as well and am tired of being everyone’s “joke”. I’ll leave as well so the groupthink can continue without my involvement.

A waste of a decade but a valuable lesson.
I’m a winner investing in a loser.
Took me a while to figure out but thanks for making it easy.
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Cortopassi
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Re: Purpose of the PP

Post by Cortopassi » Sat Dec 08, 2018 9:44 am

buddtholomew wrote:
Sat Dec 08, 2018 7:56 am
Xan wrote:
Fri Dec 07, 2018 10:15 pm
buddtholomew wrote:
Fri Dec 07, 2018 10:37 am


Actually I think you are the fool.
I’ve run across people like you all my life, thinking they are superior than someone else in one way or another.
Again, humorous to me these are usually the losers of the bunch Mr. vacuum cleaner. Like the PP, you suck.
Budd, this has always been a very "hands-off" forum in terms of moderation. Please help us keep it that way. "Mr Vacuum Cleaner" has decided this forum is no longer worth his effort, and based on the personal attack here I don't think I blame him for that opinion.
Don’t really care; nothing here for me either but smoke and mirrors. I’ve had my fair share of negativity as well and am tired of being everyone’s “joke”. I’ll leave as well so the groupthink can continue without my involvement.

A waste of a decade but a valuable lesson.
I’m a winner investing in a loser.
Took me a while to figure out but thanks for making it easy.
Good luck to you, budd. I'm sure you'll be fine. We should revisit where things are at in mid-2019.
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ochotona
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Re: Purpose of the PP

Post by ochotona » Sat Dec 08, 2018 10:10 am

Anti-hedge sentiment, one of the thousand points of light (?) ringing a bell at the top. Watch this Forum for the explosion of traffic after next major bear market, when actually it will be time to get back into the market.
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Re: Purpose of the PP

Post by flyingpylon » Sat Dec 08, 2018 11:48 am

buddtholomew wrote:
Sat Dec 08, 2018 7:56 am
Don’t really care; nothing here for me either but smoke and mirrors. I’ve had my fair share of negativity as well and am tired of being everyone’s “joke”. I’ll leave as well so the groupthink can continue without my involvement.

A waste of a decade but a valuable lesson.
I’m a winner investing in a loser.
Took me a while to figure out but thanks for making it easy.
The only groupthink here is the idea that everyone has different goals for their investments, there can be different ways to achieve those goals, and that ultimately the individual investor has to do what feels right to them. Occasionally someone shows up that values pure financial performance above all else, which is fine, but then they blather on and on about how stupid and wrong everyone else is and how much the PP sucks.

Budd, I don’t know you at all but your behavior on the forum suggests that you lack emotional maturity. Life is not a race, you are not a “winner” and the PP is not a “loser”. Since you have plenty of money already, perhaps it would bring you more happiness to maximize the investments in other aspects of your life.
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Re: Purpose of the PP

Post by Kriegsspiel » Sat Dec 08, 2018 11:56 am

I consider the PP a "better" version of bonds. So when budd says "yea, but you need a lot of stocks in the VP" I am down with that. 60/40 stocks/PP, go for it. 50/50 like Markowitz? How about half stocks, half PP (or... 62.5% stocks, 12.5% LTTs, STTs, gold).
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Re: Purpose of the PP

Post by modeljc » Sat Dec 08, 2018 1:38 pm

buddtholomew wrote:
Sat Dec 08, 2018 7:56 am
Xan wrote:
Fri Dec 07, 2018 10:15 pm
buddtholomew wrote:
Fri Dec 07, 2018 10:37 am
Actually I think you are the fool.
I’ve run across people like you all my life, thinking they are superior than someone else in one way or another.
Again, humorous to me these are usually the losers of the bunch Mr. vacuum cleaner. Like the PP, you suck.
Budd, this has always been a very "hands-off" forum in terms of moderation. Please help us keep it that way. "Mr Vacuum Cleaner" has decided this forum is no longer worth his effort, and based on the personal attack here I don't think I blame him for that opinion.
Don’t really care; nothing here for me either but smoke and mirrors. I’ve had my fair share of negativity as well and am tired of being everyone’s “joke”. I’ll leave as well so the groupthink can continue without my involvement.

A waste of a decade but a valuable lesson.
I’m a winner investing in a loser.
Took me a while to figure out but thanks for making it easy.
I hope you stick around. But if you don't you will be missed by me. You are trying very hard to get an allocation that fits. If you had to tell us the perfect allocation I would love to hear it. You have given this a lot of thought and I would be appreciative of where you are at the present time. This of course is Just a Budd allocation and it would be just for now. New effort and new knowledge might change this for the future.
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Re: Purpose of the PP

Post by Kbg » Sat Dec 08, 2018 2:56 pm

buddtholomew wrote:
Sat Dec 08, 2018 7:56 am
Xan wrote:
Fri Dec 07, 2018 10:15 pm
buddtholomew wrote:
Fri Dec 07, 2018 10:37 am


Actually I think you are the fool.
I’ve run across people like you all my life, thinking they are superior than someone else in one way or another.
Again, humorous to me these are usually the losers of the bunch Mr. vacuum cleaner. Like the PP, you suck.
Budd, this has always been a very "hands-off" forum in terms of moderation. Please help us keep it that way. "Mr Vacuum Cleaner" has decided this forum is no longer worth his effort, and based on the personal attack here I don't think I blame him for that opinion.
Don’t really care; nothing here for me either but smoke and mirrors. I’ve had my fair share of negativity as well and am tired of being everyone’s “joke”. I’ll leave as well so the groupthink can continue without my involvement.

A waste of a decade but a valuable lesson.
I’m a winner investing in a loser.
Took me a while to figure out but thanks for making it easy.
Budd...90+ percent of the comments to you have simply been pick something you are happy with and don't expect literal daily non-correlation of assets. I can't speak for everyone on the board but the multiple Budd bursts got a bit annoying when the solution space is entirely within your span of control to do something about. We are all big boys and girls here and part of why we are here is to get some hand holding to keep the faith. And, I doubt most would mind holding yours metaphorically from time to time. But when someone thinks they are trying to assist and they get repeated face shots, at a point, one just thinks "Good lord man, just rebalance to something you can live with and let's be done with this."

Perhaps at this point we should just all move on to another subject. CraigR was correct...after awhile what else is there to say about the PP?
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