167 Radical Personal Finance Interview: The Permanent Portfolio

Joshua Sheats invited me onto the Radical Personal Finance podcast to discuss the Permanent Portfolio investment strategy for individual private investors. In this episode we talk about many aspects of the PP strategy including: my own reasons for choosing this investment strategy the design of the portfolio the philosophy behind the approach strengths and weaknesses of the PP Show Notes: Radical Personal Finance Episode 30 Recordings of Harry Browne’s investing radio shows Permanent Portfolio discussion forum Previous Episodes about the Permanent Portfolio on The Voluntary Life Podcast “Wild About Harry” – article by William Bernstein about the Permanent Portfolio Fail Safe Investing by Harry Browne The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy by Craig Rowland and JM Lawson As always regarding investment, do your own research. I am not a financial advisor and this isn't advice, it's my own experience and opinions. My intention is to encourage you to think for yourself.  

[arthurlp]

Harry Browne never lived under negative real rates, let alone zero or negative interest rates.
Holding long-term bonds at 1% yield is how you need a govt bailout. Cash with inflation of 8% is crazy.
He would not have the 25-25-25-25 portfolio today. He would have gold, stocks and some cash.

[ExtraordinaryLiving]

Ref 1:08:23 - Well, this is where Warren Buffett's way of investing comes in ... he shared this himself that he constantly reads and reads *EVERYTHING* about the companies he invests in or is interested in. He said that he spends most hours of his work days reading. This is certainly one way to gain and possess insights [of a company] that most others don't have, and know the true value of the company irrespective of the publicly traded share prices.