
Too Much Of A Good Thing
Private credit growing too big too fast is coinciding with the product becoming increasingly available to ordinary investors through exchange traded funds (“ETF”). The story is instructive to both debt and equity investors.
Private credit growing too big too fast is coinciding with the product becoming increasingly available to ordinary investors through exchange traded funds (“ETF”). The story is instructive to both debt and equity investors.
This company is the Michael Jordan of insurance: no one can beat it. Its results are so impressive that the expectations on this business are immense. And we’ve noticed that virtually every time it reports earnings – no matter how good those earnings are – investors are disappointed and the stock sells off.
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.
When Shelby Davis died in 1994, his portfolio had achieved a compound annual growth rate of 23% for an incredible 47 years. He is the best demonstration of the third rule of great investing: compounding over the long term.
You can avoid losing money by only buying these “inevitable” businesses that are virtually certain to continue growing for decades. And, if you’re willing to do so, just like Warren Buffett with insurance float, you can safely use other people’s money to create life-changing wealth.
If you’re a good investor, the more leverage you can use, the more money you will make. And the key to using leverage safely is having a very efficient portfolio. Over the next three days, Porter will demonstrate to readers how to do this
Today, Porter says: If you’ve never shorted a stock before, start small… just sell one share short. It’s a good way to learn how to profit from companies that are definitely going to collapse in a credit-default cycle. Don’t just watch your savings evaporate. Do something. And do it now.
In today’s Journal, Porter explains the simple reason why this one sector of the market always outperforms the overall market and always will: these companies get all of their capital for free.
Today, Porter writes about Richard Russell, loved by investors for his market prognostications, but whose most insightful legacy is the surprisingly simple and timeless principles of successful investment that still stand the test of time.
Today Porter shares the details of his favorite presentation from last week’s conference and how readers should be sure not to miss this opportunity for 5x, even 10x gains in this sector.