4 ms·

> Your investment plan should be aimed, first and foremost, at preserving what you have—preserving it from investment loss, government intervention, or mismanag

• kbutler 9y ago
  May as well replace "libertarian" with "global" or "historical". See hyper-inflation (e.g. Germany in early 20th century and others now) or government takings like Zimbabwe confiscating farms. If you think it can't happen in a modern democracy, see https://en.m.wikipedia.org/wiki/Executive_Order_6102 https://en.m.wikipedia.org/wiki/Executive_Order_6102 where the US outlawed private ownership of gold in 1933 to enable debt reduction by devaluing the currency.
• snikeris 9y ago
  It's just being practical. Governments mismanage their economies, seize the assets of innocent people, etc. If you're serious about preserving your wealth, government intervention should factor into your decisions.
  • gowld 9y ago
    Governments also manage their economiies, but he doesn't say "be sure to expose your fund to the benefits of government intervention", so he's clearly biased. He advocates putting 25% in T-bills while also insinuating that the government is only a source of trouble.
    • snikeris 9y ago
      That should tell you something about his approach. A staunch libertarian advocates investing half your portfolio in government securities. My conclusion: his investing approach is divorced from his politics (as it should be).