interesting video on the pp and harry

[mathjak107]

https://www.nbfwm.ca/advisor/the-filipi ... roach.html

scroll down a bit for the video .

it says the basis for the pp goes back hundreds of years , never heard of this guy from the 1500’s

[boglerdude]

12 years old. Since then working age populations have peaked (no more easy growth) and the Fed has lost independence. covid could not have happened without the Fed handing out paper

[stpeter]

Around the 3 minute mark, the narrator says "the more one rebalances, the better the performance" ... that seems counter-intuitive or at least counter to HB's insights (would one really rebalance, say, every day?).

[stpeter]

P.S. Opinions seem to vary on what Jakob Fugger's investment strategies actually were, but from what I've read so far he did *not* advocate the 4x25 HBPP. I've ordered a book about him (entitled The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger by Greg Steinmetz) and will report back.