it says the basis for the pp goes back hundreds of years , never heard of this guy from the 1500’s
Re: interesting video on the pp and harry
Posted: Tue Jul 08, 2025 10:27 pm
by 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
Re: interesting video on the pp and harry
Posted: Mon Jul 21, 2025 8:07 pm
by 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?).
Re: interesting video on the pp and harry
Posted: Mon Jul 21, 2025 8:32 pm
by 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.
Re: interesting video on the pp and harry
Posted: Tue Aug 05, 2025 8:53 am
by stpeter
stpeter wrote: ↑Mon Jul 21, 2025 8:32 pm
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.
On page 137, Steinmetz cites Fugger's junior partner Matthias Schwartz as recommending that a business person "should keep a third of his investments in cash, a third in investments, and a third in merchandise, and brace himself for steep losses at any moment. It went without saying that he should personally own real estate."