Investing, economics, finance and random thoughts.
Miscellaneous
Permanent Portfolio Discussion Forum
Apr 29th
Thanks everyone for checking out the new forum. We have almost 200 messages in just two days. Come on over and join the discussion:
Permanent Portfolio Discussion Forum
We have some really knowledgeable posters and great questions. Thanks for participating if you have already.
Happy Birthday Thomas Jefferson…
Apr 13th
Some quotes to remember this fine man:
A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.
Commerce with all nations, alliance with none, should be our motto.
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition.
Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
I am not a friend to a very energetic government. It is always oppressive.
He who knows best knows how little he knows.
History, in general, only informs us of what bad government is.
Timid men prefer the calm of despotism to the tempestuous sea of liberty.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors, is sinful and tyrannical.
We may consider each generation as a distinct nation, with a right, by the will of its majority, to bind themselves, but none to bind the succeeding generation, more than the inhabitants of another country.
Honesty is the first chapter in the book of wisdom.
I do not take a single newspaper, nor read one a month, and I feel myself infinitely the happier for it.
The man who reads nothing at all is better educated than the man who reads nothing but newspapers.
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.
It is error alone which needs the support of government. Truth can stand by itself.
Never spend your money before you have earned it.
ISM is Here to Save Us!
Nov 20th
The stench of socialism continues to spread. The incompetent boobs in power that turn everything they touch into lead are ready to screw up health care for everyone. Yet, people eat up their bullshit like it was a hot fudge sundae.
You think no-fly lists are bad? Wait until you end up on the no-healthcare list for pissing off the wrong people. Or perhaps having your private medical conditions used as political weapons. The possibilities for bureaucratic monkey business are limitless (along with the costs of these programs).
It’s funny that people call this garbage “progressive” when it’s the same old tyrannical nonsense that has existed throughout human history and always ends up a disaster. I found this little 1948 film over at The Conpiracy to Keep You Poor and Stupid that sums up the situation nicely:
Blog Changes
Apr 20th
The blog has been slow. I haven’t had much time to do updates and haven’t had much to say.
Since I run the Permanent Portfolio, I feel comfortable ignoring much of what is happening in the news and the economy as it is beyond my control. That is the point of running the Permanent Portfolio. Investors should be able to ignore the day to day happenings in the news and get on with their life.
As such, I’ve deleted a number of posts that don’t deal directly with the Permanent Portfolio. Future posts will be focused on the portfolio strategy, ways to implement it, and directly relevant news that affects it. However, I’m hoping this concentrated focus makes the blog more relevant for readers who just want to run the Permanent Portfolio and prefer to get their news and commentary from other sources.