A number of subscribers forwarded this video to me and it’s making the rounds in financial circles. If you’re still unclear about the phenomenon I refer to as “Queasing,” this should clear up any questions. Warning: After watching this video, you may not be able to hear the name Ben Bernanke without wanting to call him “The Bernank.” It’s like one of those songs that gets stuck in your head. If you like the absurd, I think you’ll like “Quantitative Easing Explained.”
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Over the years, many people have asked me for investment advice. This section is my answer to the question, “Chip, what are you doing with your portfolio?” It details the portfolio I use to implement my investment strategy— the Plumb Performance Portfolio© |
Further details and return history about the Plumb Performance Portfolio. |
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“...an investor who proposes to ignore near-term market fluctuations needs great resources for safety and must not operate on so large a scale, if at all, with borrowed money. Finally, it is the long-term investor, he who promotes the public interest, who will in practice come in for the most criticism, wherever investment funds are managed by committee or boards or banks. For it is the essence of his behavior that he should be eccentric, unconventional and rash in the eyes of average opinion. If he is successful, that will only confirm the general belief in his rashness, and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
– Lord John Maynard Keynes