bearfund

Ron Paul's Investment Portfolio

What's wrong with such a concentrated portfolio? When you're right, you're right. At various times I've hedged my bets, holding junk like C and FNM. It's instructive to look back at my performance over time: every single stretch of underperformance matches a period in which I held something I did not believe in "just in case I'm wrong". I applaud Congressman Paul for saying what he means, meaning what he says, and putting his own personal fortune on the line in a manner entirely consistent with his values. And I don't hedge any longer: my portfolio has a lot less mining than the congressman's, but a lot more physical gold - a holding he almost certainly has as well but (wisely) does not disclose. Why should he hold assets he does not believe are valuable? If you want "diversification" go ahead and buy that crap. But this is not a time for diversification; it is a time to look at the obvious macro trends and take advantage of them. That or sit in cash and cross your fingers that that's still worth something when this is all over.