HB's Money Talk Radio Show Music
Posted: Thu Jun 30, 2011 3:45 am
In the 10/31/2004 episode of his "Money Talk" radio show, Harry Browne gave a short explanation of his radio show's bumper music style of Dixieland jazz.
He explained that Dixieland, which is different from modern jazz (a style he did not like), is a type of jazz in which several different musicians playing different instruments simultaneously improvise while they continue to move the song forward with a definite melody.
I was surprised that HB did not point out the obvious connection between Dixieland jazz and the Permanent Portfolio concept. In a Dixieland band, the several band members improvise independently yet produce a coherent melody. In the PP, the asset classes perform independently in response to different economic environments yet produce a stable, positive long-term return for the portfolio as a whole.
I found it amusing that HB chose (perhaps unintentionally) a style of music for his radio show that conceptually mirrors the PP style of investing. It's yet another example of the man's remarkable consistency.
He explained that Dixieland, which is different from modern jazz (a style he did not like), is a type of jazz in which several different musicians playing different instruments simultaneously improvise while they continue to move the song forward with a definite melody.
I was surprised that HB did not point out the obvious connection between Dixieland jazz and the Permanent Portfolio concept. In a Dixieland band, the several band members improvise independently yet produce a coherent melody. In the PP, the asset classes perform independently in response to different economic environments yet produce a stable, positive long-term return for the portfolio as a whole.
I found it amusing that HB chose (perhaps unintentionally) a style of music for his radio show that conceptually mirrors the PP style of investing. It's yet another example of the man's remarkable consistency.
