Porter’s Permanent Portfolio has less than half the volatility of the stock market while earning twice the S&P 500’s returns. Producing massive excess returns with such little volatility is virtually unheard of in the markets. With higher returns and less risk, Porter’s Permanent Portfolio is overperforming our expectations.
Stablecoins represent a way to completely disintermediate the entire banking system, replacing vaults with cryptography, and expensive private payment networks with the free internet. This means the demise of traditional banks.
Each Friday, we provide an update on the current live tracking portfolio (as of the previous day’s closing prices), a summary of the last week of trading activity, and updates on any significant developments among the companies we have positions in.
In this week’s issue of The Big Secret On Wall Street, we perform a comprehensive portfolio review. Given our focus on long-term investments, the three-year mark has provided an adequate track record to officially see how we are doing.
Whether you understand it or not, the nature of money is changing forever.
As soon as people get used to using digital money, like stablecoins, they’re going to ask themselves a simple question: why bother using the U.S. dollar at all?
Editor’s Note: On Tuesdays we turn the spotlight outside of Porter & Co. to bring you exclusive access to the research, the thinking, and the investment ideas of the analysts Porter follows personally. If you’re new to Porter & Co. and want to find out more about The Spotlight or want access to all past
The next few years are going to be devastating for most people all around the world. We’re heading toward a new version of 1929. How ironic it will be if, in the future, people ask about the Great Depression of ’29 and then have to ask, “which one – 1929 or 2029?”