No where to hide

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: No where to hide

Post by Smith1776 » Fri Jan 24, 2020 3:34 pm

Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
🛞 The All-Terrain Portfolio 🛞
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: No where to hide

Post by vnatale » Fri Jan 24, 2020 5:48 pm

Smith1776 wrote:
Fri Jan 24, 2020 3:34 pm
Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.

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."
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: No where to hide

Post by Smith1776 » Fri Jan 24, 2020 5:49 pm

vnatale wrote:
Fri Jan 24, 2020 5:48 pm
Smith1776 wrote:
Fri Jan 24, 2020 3:34 pm
Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.

Vinny
lol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.
🛞 The All-Terrain Portfolio 🛞
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: No where to hide

Post by vnatale » Fri Jan 24, 2020 5:55 pm

Smith1776 wrote:
Fri Jan 24, 2020 5:49 pm
vnatale wrote:
Fri Jan 24, 2020 5:48 pm
Smith1776 wrote:
Fri Jan 24, 2020 3:34 pm
Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.

Vinny
lol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.
You actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!

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."
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: No where to hide

Post by Smith1776 » Fri Jan 24, 2020 7:00 pm

vnatale wrote:
Fri Jan 24, 2020 5:55 pm
Smith1776 wrote:
Fri Jan 24, 2020 5:49 pm
vnatale wrote:
Fri Jan 24, 2020 5:48 pm
Smith1776 wrote:
Fri Jan 24, 2020 3:34 pm
Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.

Vinny
lol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.
You actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!

Vinny
****couldn’t find

Lol yeah!! Honestly, it was kind of heartbreaking for a moment there thinking he said that.

It was like reading that Steve jobs interview from way back when, when he said computers weren’t changing the world.
🛞 The All-Terrain Portfolio 🛞
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: No where to hide

Post by vnatale » Fri Jan 24, 2020 7:09 pm

Smith1776 wrote:
Fri Jan 24, 2020 7:00 pm
vnatale wrote:
Fri Jan 24, 2020 5:55 pm
Smith1776 wrote:
Fri Jan 24, 2020 5:49 pm
vnatale wrote:
Fri Jan 24, 2020 5:48 pm
Smith1776 wrote:
Fri Jan 24, 2020 3:34 pm
Smith1776 wrote:
Thu Jan 23, 2020 11:43 pm
MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond  market yield s trend being up lately for months  and stock market gains just squeaking out .
MediumTex abandoned the PP at one point?

That's like... worse than the Beatles breaking up.
Since Tex isn’t here to speak for himself, can anyone elaborate on this?
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.

Vinny
lol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.
You actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!

Vinny
****couldn’t find

Lol yeah!! Honestly, it was kind of heartbreaking for a moment there thinking he said that.

It was like reading that Steve jobs interview from way back when, when he said computers weren’t changing the world.
If you go back to page 64 of the Topic (this one) you'll see BOTH Medium Tex and Craig chiming in with some quite humorous posts!

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."
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: No where to hide

Post by dualstow » Fri Jan 24, 2020 10:45 pm

The cellphone text style lack of punctuation and capitalization indicates mathjak. He has — I forgot the medical word — neuropathy? — a problem with his fingertips which may not affect drumming but it does make typing uncomfortable(?) Do I have that right, MJ?
Sam Bankman-Fried sentenced to 25 years
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: No where to hide

Post by mathjak107 » Sat Jan 25, 2020 3:25 am

yes ...it is from un-diagnosed diabetes
Kbg
Executive Member
Executive Member
Posts: 2815
Joined: Fri May 23, 2014 4:18 pm

Re: No where to hide

Post by Kbg » Sat Jan 25, 2020 11:35 am

vnatale wrote:
Fri Jan 24, 2020 10:01 am
iwealth wrote:
Fri Jul 10, 2015 9:23 am
On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.

There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
STILL a TRUE statement?

Vinny
No, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%

In the last 11 full years 4 of them have had slightly negative returns.
User avatar
Xan
Administrator
Administrator
Posts: 4392
Joined: Tue Mar 13, 2012 1:51 pm

Re: No where to hide

Post by Xan » Sat Jan 25, 2020 11:38 am

Kbg wrote:
Sat Jan 25, 2020 11:35 am
vnatale wrote:
Fri Jan 24, 2020 10:01 am
iwealth wrote:
Fri Jul 10, 2015 9:23 am
On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.

There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
STILL a TRUE statement?

Vinny
No, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%

In the last 11 full years 4 of them have had slightly negative returns.
It still technically /might/ be true, if there don't happen to be posters who owned a PP for exactly the wrong set of 12 months.
Kbg
Executive Member
Executive Member
Posts: 2815
Joined: Fri May 23, 2014 4:18 pm

Re: No where to hide

Post by Kbg » Sat Jan 25, 2020 11:45 am

That’s the best you got!? ;)
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: No where to hide

Post by vnatale » Sun Jul 02, 2023 9:46 pm

Tyler wrote:
Fri Jun 26, 2015 9:35 pm


I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu.  One key takeaway is that the way we often define risk in terms of market volatility is fundamentally disconnected from reality.  In their terms, "risk is uncertainty that matters" and is measured in life events, not max drawdown or standard deviation.  Also they talk at length about how there's a difference between "risk tolerance" that is a purely psychological measure and "risk capacity" which measures your true financial ability to handle inevitable negative events.  You might look for it at the library for a fresh perspective. 


I started reading the book tonight. I am about 2/3's of the way through it.

It definitely has in it what Tyler states above plus much more.

For me it is one of those books that I race through on a first reading then I turn right around and reread it much slowly taking notes as I'm reading.

Highly recommended to all here (and those not here!).
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."
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: No where to hide

Post by dualstow » Mon Jul 03, 2023 8:46 pm

vnatale_exhumed_and wrote:
Sun Jul 02, 2023 9:46 pm
Tyler_in_2015 wrote:
Fri Jun 26, 2015 9:35 pm

I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu.

I started reading the book tonight


I added it to the book list sticky. viewtopic.php?f=15&t=12740&p=244321#p244321
Why not.
Sam Bankman-Fried sentenced to 25 years
Post Reply