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If it was 1928 year now, would this portfolio have survived Great Depression? Almost all positions are paper actives. What do happen with the paper actives in c
by vzn 18y ago
If it was 1928 year now, would this portfolio have survived Great Depression? Almost all positions are paper actives. What do happen with the paper actives in case of huge world economical slowdown and depression? I prefer something more reliable than paper (gold, land, real estate, cash flow from the business)
- epi0Bauqu 18y agoI believe it should, but am interested in your speculation as to how you think it would hold up. About half of it is not in equities (cash, bonds, commodities, real estate). And I did not include actual land holdings in the %s (including our personal residence), which brings it up to a majority. Also, some of the equities are international, and we are in a much more global environment now as compared to 1928. Over 40% of large cap earnings are from abroad. Are you saying that you hold 100% of your assets in gold and land? "Cash flow from the business" was specifically excluded from the question, i.e. income does not enter into it.