Crawling Road Podcast - Episode 2

[craigr]

Another episode - In this show we discuss strategy vs. outcome and the four economic cycles of the Permanent Portfolio. I also answer a reader question about taxable investing with the Permanent Portfolio allocation and commercial Permanent Portfolio Mutual Fund (PRPFX).

Here is the feed URL so you can subscribe in iTunes:

https://web.archive.org/web/20160324133 ... dcasts.xml

Here is the direct link to the first show:

Crawling Road Money Show – Episode 2

[Lone Wolf]

Great episode.  It's funny but I hadn't really considered the implications that the deflation protection in the Permanent Portfolio had never been tested in the real world.  I'm glad you reminded me of that fact.  A related point is that no other portfolio had really ever been tested in a real deflationary environment, either, and it shook most of them apart.

It's a reminder of how important a solid theoretical underpinning is for any portfolio in addressing whatever comes.  You can't just weave a bunch of crap together, backtest it, and assume that the resulting calculation will predict the future for you.

I'm really finding myself looking forward to these podcasts.

[craigr]

It was interesting watching the portfolio work in deflation. Good economic theory trumps backtests.