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The other rules aren't quite as obvious, but equally simple. Browne explains the difference between investing (making a long-term plan and sticking with it) and speculating (betting that you can beat the overall market during a specific period). He shows how life savings are easily lost when you borrow money to invest rather than investing only the money you already have. Browne also suggests a portfolio that he says is the simplest and safest possible for continual, steady returns above inflation: an equal division among stocks, bonds, gold, and cash. That covers an investor in times of prosperity (stocks), inflation (gold), deflation (bonds), and recession (cash). While many investment analysts would undoubtedly gag if you presented them with a portfolio that consisted of a 50 percent investment in gold and cash, Browne nonetheless makes a compelling argument that such an allocation makes it easier to sleep at night. And common sense tells you there are worse things than a good night's sleep. --Lou Schuler --This text refers to an out of print or unavailable edition of this title.
Harry Browne is one of America's best-known investment advisors, the author of eight investment books, a radio personality, and the 2000 Libertarian candidate for president. He lives in Tennessee.
I have no bought two copies of this book. There is a page that shows very clearly why it's important to start saving at 18 and not even 25. Things take time with investing. Read morePublished 1 month ago by Andrew Reames
Harry tells it like it is. Not sexy. Not exciting. Practical and safe. The permanent portfolio is simple and easy to execute. Read morePublished 2 months ago by Byron Kay
If you are gambling in the stock, options, forex or futures market, you need to read this book. Practical common sense and good advise... Read morePublished 2 months ago by H. HERTZ
It is a no nonesense and honest book on the complex and complicated nature of investment . There is an honest and practical way to investing our monies for a sound future but... Read morePublished 4 months ago by Amarjit Singh
Harry Browne is my all-time favorite financial guru. A short book that separates fact from fiction and provides the reader with realistic expectations by establishing conservative... Read morePublished 8 months ago by Harry M. Merrick IV
The book provide a solution to protect our investment call "Permanent Portfolio". It's simple, stable and doesn't require any forecasting.Published 13 months ago by panasun