The Permanent Portfolio And Joel Greenblatt’s Big Secret
I recently wrote an article for Gurufocus.com on an asset allocation strategy called the ‘Permanent Portfolio’ (PP). For readers who don’t know, or who haven’t heard about this portfolio approach before, it was first published in the 1970s by Harry Browne, a U.S. writer and politician (book). Browne’s goal was to create a simple portfolio that would be easy to manage and protect his wealth in all market environments. The approach is simple, Browne recommended investors separate their wealth into…