CFA Monk

John Hussman: Multiples Come Back to Earth

Dr. Hussman: I'm 35. My portfolio is as follows:
401K: $30k HSGFX
IRA: $10k VTRIX, $10K VGENX
Cash: $25k

I live in a Zen temple on a stipend of <$5000/year. Although I have lucrative opportunities even in the current financial climate, I'm not likely to earn or save much in the next five years.

I invested in HSGFX in 2001 (despite the inexorable arithmetic of expense ratios) because I'd read your articles on fitness and thought you were an obsessive nerd with lots of discipline.

My major concern about my portfolio over the next ten years is the value of the dollar. We still have a huge current account deficit and there appears to be a growing bubble in Treasuries. In your weekly comment you haven't mentioned this in some time. What is your long-term view of dollar-denominated assets? If, in fact, most of your liquid assets are in Hussman Funds, have you hedged the dollar?

Also, will you PLEASE PLEASE PLEASE offer your (and Bill Hester's) writings as an RSS feed?

Thanks.