New Permanent Portfolio book: "Investing Equanimity"
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- mathjak107
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Re: New Permanent Portfolio book: "Investing Equanimity"
i ordered the printed version to read ...i much prefer books to the e-version despite the fact i i have to wait to receive it to read it .
- vnatale
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Re: New Permanent Portfolio book: "Investing Equanimity"
I have two criteria.mathjak107 wrote: ↑Sun Jun 21, 2020 4:06 ami ordered the printed version to read ...i much prefer books to the e-version despite the fact i i have to wait to receive it to read it .
If it's just a general read book that I'm going to read once and that it is then I'm ordering a used version on Amazon because it's generally much cheaper than buying the Kindle version.
But if it is any type of book that I'm going to want "to study" and make notes from then I want the Kindle version for ease of excerpting those notes in electronic form. This book met that criteria.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: New Permanent Portfolio book: "Investing Equanimity"
That's exactly why spreading the word about the benefits of asset allocation is so important. Great job!blue_ruin17 wrote: ↑Sat Jun 20, 2020 9:41 pmWhen you say that the book is "preaching" about the Permanent Portfolio, well yes that was absolutely my intention because there are so many people whose lives would improved by the peace of mind afforded by the Permanent Portfolio. Yet, since it is so obscure and unorthodox, not many people realize that investing equanimity is even possible.
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Re: New Permanent Portfolio book: "Investing Equanimity"
You "preached" extremely well which is why it was "inspirational" personal finance to me and why I will soon be again be rereading. It could be one of those books wherein I periodically reread just for the inspirational aspect of it.blue_ruin17 wrote: ↑Sat Jun 20, 2020 9:41 pmThat's an interesting observation for me because of something that happened a couple days ago:vnatale wrote: ↑Sat Jun 20, 2020 9:15 pmA long time ago I was told a church pastor was primarily one of three overall types - a preacher, a teacher, or a counselor.blue_ruin17 wrote: ↑Sat Jun 20, 2020 8:56 pmThanks for the initial reaction! I am very curious to see what people get out of the book. "Inspirational personal finance" is not a term or concept that I at all consciously considered when writing it, yet I think you really nailed my mentality on the head, actually. Look at my signature below: that is the spirit that I wanted to capture.
For me the book was preaching (to the already converted in my case) and getting me fired up to never doubt but to fully embrace. That was backed up, though, with a fair amount of teaching (and well done in that aspect).
Vinny
My dad had just received one of the first copies of the book. He went golfing that day, and one of his golf buddies was telling him about how his son has been overwhelmed with intense anxiety regarding how to invest his (apparently not inconsiderable) savings, especially given recent market turbulence. The man's son is being told by some to stay in all cash and others to "buy the dip" and go all in on the S&P500. He is paralyzed because even making no decision is itself a decision.
As soon as my dad heard that, he told his buddy that he was going to give him my book to give to his son. The Permanent Portfolio is obviously perfectfor him.
When you say that the book is "preaching" about the Permanent Portfolio, well yes that was absolutely my intention because there are so many people whose lives would improved by the peace of mind afforded by the Permanent Portfolio. Yet, since it is so obscure and unorthodox, not many people realize that investing equanimity is even possible.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: New Permanent Portfolio book: "Investing Equanimity"
Blue_ruin, it was amazing to get a peek at your story through this book! I just glanced at the free part on Amazon so far, but it is absolutely on my "to buy" list. It is beautifully written from what I've seen - many congratulations!
Post more often and btw tell us more about what inspired you to write this??
Post more often and btw tell us more about what inspired you to write this??
- blue_ruin17
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Re: New Permanent Portfolio book: "Investing Equanimity"
Well, I've been fascinated by the concept and philosophy of the Permanent Portfolio for years. I've thought a lot about it and accumulated countless pages of notes, reflections, and ideas regarding the topic. Eventually I had so much material that it actually wasn't a huge leap to organize those ideas into a book.
However, consolidating that jumble of disorganized ideas into a coherent, structured book forced me to really refine and clarify my understanding of the mechanics and philosophy of the Permanent Portfolio. It was the "ultimate" learning experience for me.
More than anything I just needed to "get it out of my system", though. I feel a sense of resolution now, as if I have "mastered" -- at least by my own standard -- an idea that I've been grappling with for years.
STAT PERPETUS PORTFOLIO DUM VOLVITUR ORBIS
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
- dualstow
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Re: New Permanent Portfolio book: "Equanimity Investing"
it really does!Xan wrote: ↑Sat Jun 20, 2020 11:51 amWay cool, and congratulations!
I'd like to point out to everyone that blue_ruin's other book looks pretty good as well:
https://www.amazon.com/gp/product/B07RV5QM1Y/
RIP Marcello Gandini
Re: New Permanent Portfolio book: "Investing Equanimity"
HELLO,blue_ruin17 wrote: ↑Fri Jun 19, 2020 10:34 pm"Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio"
I decided to write this book because the only way to truly satisfy my fascination with the concept of the Permanent Portfolio was to just write a book about it and "get it out of my system".
I wrote it in such a manner that it is accessible to someone who has stumbled upon this mysterious "Permanent Portfolio" machine for the first time; we start from absolute first principles and build from there. However, I also wrote with Permanent Portfolio veterans in mind (in other words, Gyroscopic folks), because I think there is a lot to be explored regarding the deeper philosophy of this idea, even if you are extremely knowledge concerning the mechanics of the strategy.
Take a look at the Table of Contents on Amazon and check out if it interests you. If it does, and you read it, please leave a review on Amazon, it would be greatly appreciated.
when shall we stop following PERMANENT PORTFOLIO?
NEVER ?
WHY?
All the best my friend!
- mathjak107
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Re: New Permanent Portfolio book: "Investing Equanimity"
i made the mistake of wanting the book version . i still have not received it .
- blue_ruin17
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Re: New Permanent Portfolio book: "Investing Equanimity"
My view is that the Permanent Portfolio was specifically designed to operate within the context of the post-1971 fiat currency/fractional reserve banking system. I maintain a very strong conviction in the viability of the Permanent Portfolio as long as the current financial paradigm persists. If the current financial system continues chugging along for the rest of my life, I will continue to entrust the essential core of my life savings to the Permanent Portfolio.
However, should the modern central banking system as we know it in some fashion radically evolve or otherwise fail or collapse, then it is possible (even probable) that the logic of the Permanent Portfolio would no longer apply. Just as the Permanent Portfolio doesn't really "make sense" before 1971 under the Bretton Woods system, it is likely that the Permanent Portfolio as we know it would no longer "make sense" in the context of whatever the next financial system happened to be.
I must emphasize that this is not a prediction, but also that it is not even the slightest source of pessimism or anxiety: in the event of a revolutionary change in the international financial order as we know it, Permanent Portfolio investors are better positioned than virtually any other to smoothly and successfully transfer their wealth into the next paradigm. The Permanent Portfolio was designed for such contingencies. This is a major theme of my book, specifically in regards to the concept of "capital survivability". I don't worry about this matter at all.
One caveat, though: there are certain extreme events that would lead me to consciously abandon the the Permanent Portfolio. For example, in the event of a clear and obvious hyperinflationary collapse, I'm not going to be rebalancing into an abyss; or if a political movement advocating the confiscation of privately owned capital were to gain serious traction, I would be quietly heading for the exits long before the main show begins. But I also do not worry about these matters at all. Such hypothetical events occur slowly enough that there is plenty of time to recognize which way the winds are blowing and to adjust course accordingly.
Ya I ordered a copy for a friend in the U.S. last week and it still has not shipped...they are shipping very fast in Canada, though. Must be a lockdown related supply chain thing...if it makes you feel better though, I personally much prefer the paperback version. I don't like e-readers at all, from the perspective of being able to customize the way I want to format a book.mathjak107 wrote: ↑Sun Jun 28, 2020 9:45 ami made the mistake of wanting the book version . i still have not received it .
STAT PERPETUS PORTFOLIO DUM VOLVITUR ORBIS
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
Amazon: Investing Equanimity: The Logic & Wisdom of the Permanent Portfolio
- vnatale
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Re: New Permanent Portfolio book: "Investing Equanimity"
1. Everything seems to be moving much more slowly from Amazon.blue_ruin17 wrote: ↑Sun Jun 28, 2020 11:21 amYa I ordered a copy for a friend in the U.S. last week and it still has not shipped...they are shipping very fast in Canada, though. Must be a lockdown related supply chain thing...if it makes you feel better though, I personally much prefer the paperback version. I don't like e-readers at all, from the perspective of being able to customize the way I want to format a book.mathjak107 wrote: ↑Sun Jun 28, 2020 9:45 ami made the mistake of wanting the book version . i still have not received it .
2. The book read quite well on my Kindle paperweight
But I'm happy to read books in all forms - paper, on Kindle, on iPad, on iPad mini, on iTouch, on computer.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: New Permanent Portfolio book: "Investing Equanimity"
I tried cancelling ...now they said it shipped ...which is okay ,as long as I get it already
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Re: New Permanent Portfolio book: "Investing Equanimity"
I kept getting messages daily about how one shipment was delayed, delayed, delayed. Then finally it said it may have been lost and I could request a refund. But then it was delivered that day!mathjak107 wrote: ↑Sun Jun 28, 2020 12:29 pmI tried cancelling ...now they said it shipped ...which is okay ,as long as I get it already
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: New Permanent Portfolio book: "Investing Equanimity"
Yeah I ordered a different book last week, even being a "Prime" book it was still a 5 day shipping quote. I think it's still related to lockdown stuff. Amazon has been prioritizing things they see as a potential need and de-prioritizing things like books that are not a necessity.
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Re: New Permanent Portfolio book: "Investing Equanimity"
On the other hand, if you are buying used books, they seem to not be affected.pmward wrote: ↑Mon Jun 29, 2020 11:27 amYeah I ordered a different book last week, even being a "Prime" book it was still a 5 day shipping quote. I think it's still related to lockdown stuff. Amazon has been prioritizing things they see as a potential need and de-prioritizing things like books that are not a necessity.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: New Permanent Portfolio book: "Investing Equanimity"
got the book today
- vnatale
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Re: New Permanent Portfolio book: "Investing Equanimity"
How many total days did it take?
VInny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: New Permanent Portfolio book: "Investing Equanimity"
- bitcoininthevp
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Re: New Permanent Portfolio book: "Investing Equanimity"
Im really excited about this. Thanks for writing it. In queue.
- mathjak107
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Re: New Permanent Portfolio book: "Investing Equanimity"
It was enjoyable reading
- vnatale
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Re: New Permanent Portfolio book: "Investing Equanimity"
Do you share at all that it was "inspirational" personal finance reading?
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: New Permanent Portfolio book: "Investing Equanimity"
I guess it could be , but after more than 30 years of reading pp books and articles it’s like being married for decades ....there is little to get excited about in the bedroom. Lol
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Re: New Permanent Portfolio book: "Investing Equanimity"
I have over 500 personal finance books. Have not come close to reading them all. And have been reading them for over 30 years. But this one was distinctly different in that aspect I cited above.mathjak107 wrote: ↑Fri Jul 03, 2020 3:23 pmI guess it could be , but after more than 30 years of reading pp books and articles it’s like being married for decades ....there is little to get excited about in the bedroom. Lol
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- mathjak107
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Re: New Permanent Portfolio book: "Investing Equanimity"
I can’t say I get excited or impressed with financial books anymore ....especially pp books which tend to just reiterate what has been said for decades , just changing the wording .
But I did like the book and do recommend it if you have an interest in the pp
But I did like the book and do recommend it if you have an interest in the pp
Re: New Permanent Portfolio book: "Equanimity Investing"
Wow, yes. Can't wait to read this book.Xan wrote: ↑Sat Jun 20, 2020 11:51 amWay cool, and congratulations!
I'd like to point out to everyone that blue_ruin's other book looks pretty good as well:
https://www.amazon.com/gp/product/B07RV5QM1Y/
BTW blue_ruin your Amazon author page still shows only the one book, so you might want to update it:
https://www.amazon.com/Eric-Deslauriers/e/B07RWNP6HR/
And if you're interested, my Amazon author page is here...
https://www.amazon.com/Peter-Saint-André/e/B002WYA5A2/
No books on investing yet, though! ;-)