What happened to clive?

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Ad Orientem
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Re: What happened to clive?

Post by Ad Orientem »

No investment plan, including the permanent portfolio, should ever trump the exercise of common sense. If a currency is clearly going down in flames why would you buy it? If someone nukes LA and New York I am not going to be rebalancing my PP.  Seriously. Are there really people who don't grasp this?
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annieB
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Re: What happened to clive?

Post by annieB »

Anyone think the dollar and other currencies have turned up relative to gold?
Talking major turn.We'll see..
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Re: What happened to clive?

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annieB wrote: Anyone think the dollar and other currencies have turned up relative to gold?
Talking major turn.We'll see..
No.
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Re: What happened to clive?

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Ad Orientem wrote: No investment plan, including the permanent portfolio, should ever trump the exercise of common sense. If a currency is clearly going down in flames why would you buy it? If someone nukes LA and New York I am not going to be rebalancing my PP.  Seriously. Are there really people who don't grasp this?
This is apparently one of clive's principal objections to the PP, so maybe he doesn't grasp it.
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Re: What happened to clive?

Post by Gumby »

MediumTex wrote:
Ad Orientem wrote: No investment plan, including the permanent portfolio, should ever trump the exercise of common sense. If a currency is clearly going down in flames why would you buy it? If someone nukes LA and New York I am not going to be rebalancing my PP.  Seriously. Are there really people who don't grasp this?
This is apparently one of clive's principal objections to the PP, so maybe he doesn't grasp it.
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Last edited by Gumby on Tue Aug 20, 2013 3:40 pm, edited 1 time in total.
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Re: What happened to clive?

Post by Pointedstick »

MediumTex wrote:
Ad Orientem wrote: No investment plan, including the permanent portfolio, should ever trump the exercise of common sense. If a currency is clearly going down in flames why would you buy it? If someone nukes LA and New York I am not going to be rebalancing my PP.  Seriously. Are there really people who don't grasp this?
This is apparently one of clive's principal objections to the PP, so maybe he doesn't grasp it.
I think I can understand it. He characterizes, "Don't rebalance into hyperinflation, that's silly" as market timing, which you're not supposed to do. The obvious reply is that it's not market timing, it's common sense, but I think this underscores the extent to which one person's common sense can be another person's secret wisdom. Perhaps to Clive, his complicated timing portfolio is common sense. If hyperinflation and a dollar collapse ever arrives within my lifetime, I sure hope that it's common sense to me.
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Re: What happened to clive?

Post by craigr »

Locking topic. Serves no purpose complaining about people that were banned. If there is something specific to discuss, then bring it up in the general discussion. Thanks.
Last edited by craigr on Tue Aug 20, 2013 6:14 pm, edited 1 time in total.
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