The December 2012 AAII Journal featured an article written by Mike and me on the new Permanent Portfolio book:

The Permanent Portfolio: Using Allocation to Build and Protect Wealth

Simple, safe and stable: These are the three tenets of the Permanent Portfolio, a strategy invented by the late Harry Browne to help investors grow and protect their life savings no matter what was going on in the markets.

Over the last 40 years, the strategy has returned 9.5% compound annual growth. The worst loss, a drop of 5%, occurred in 1981. In 2008’s financial crisis, the portfolio was down only around 2% for the year. We think that’s pretty impressive for a strategy that appears so startlingly simple on the face of it.

The articles is available to AAII members and gives a quick overview of the Permanent Portfolio strategy. Big thanks to the editors of the AAII Journal for allowing us to contribute this piece to their publication!