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Investing With The Power Of Hindsight
Hindsight is a helluva thing. If time travel were possible, hindsight would be tantamount to perfect foresight. And, as noted here last week, there's a lot of money to be made in the fortune-telling business for the first person who proves it's viable.
The problem is that absent a working McFly DeLorean, hindsight is of limited use. In a broad context, we can, and should, learn from history (lest we should repeat it), but in the narrower context of markets, investors are famous for trading the
That 25/25/25/25 split sounds a lot like Harry Brown’s Permanent Portfolio. Never expected that to come back into style…
Decades ago I subscribed to his newsletter. I never expected to hear about him again. But the permanent portfolio mutual fund PRPFX lives on.
Yes, but the Permanent Portfolio mutual fund bears little to no resemblance to Harry’s Permanent Portfolio.