Investors rushed to rediscover the permanent portfolio after suffering from painful losses caused by the crash of 2008. It promises a soothing combination of relative safety and reasonably good returns.
The portfolio is the brainchild of Harry Browne, who passed away in 2006. Mr. Browne was an investment adviser, prolific author and Libertarian candidate for president of the United States in both 1996 and 2000.
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