Gyroscopic Investing

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?

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

annieB wrote: Anyone think the dollar and other currencies have turned up relative to gold?
Talking major turn.We'll see..

No.

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.

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.

We haven't considered the possibility that "C.L.I.V.E." is really just a quant robot that spams internet forums with rapidly changing investment suggestions.

I assume the name stands for something.

C alculated
L ifetime
I nvestment
V aluation
E ffectiveness

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.