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Category: Money

Staying the course — Performance of the permanent portfolio since the launch of Money for Something

[1]: http://moneyforsomethingbook.com
[2]: /2010/09/01/harry-browne-permanent-portfolio/

My book [Money for Something][1], was released in August of 2012. While the intention of the book was to teach the simple fundamentals of investing, I decided to go one step further, and describe the specific asset allocation in which I personally invest—known as the [Permanent Portfolio][2], that includes stocks, bonds, gold and cash.

As it happened, many of the book’s readers who subsequently got started in investing chose to invest in the Permanent Portfolio, rather than one of the alternative asset allocations such as the common “60/40” portfolio of stocks and bonds.

Reconciling A Random Walk and The Great Wall.

Dr. Burton Malkiel, professor at Princeton university, is one of my favorite authors on the subject of investing. His book, A Random Walk Down Wall Street, is considered one of the cornerstones of personal investing literature.  In 2008, Dr. Malkiel published another book, From Wall Street to the Great Wall, in which he makes the case for investing in China. Having read both books, I was puzzled by the apparent conflicts between the two.