The Importance of a Permanent Portfolio

In the early 1970s Harry Brown came up what they called the permanent portfolio and the idea was he also came up with the four quadrant model. The idea was during growth environments you want stocks during deflation or disinflationary environments, bonds during a recessionYou want cash and during inflationary period you want gold now this is the early 70s so we've kind of really diversified and used on sombles within that kind of rubric of the of the permanent portfolio yeah to pick up on your podcast west talked about like had close to a short ratio of two over some of that time horizon but it's very hard for people to wrap their arms around in 40 years where stocks and