Alvin was invited to speak a couple of weekends ago. Over two sessions at the SGX Auditorium, he shared with the audience his own investing journey and many common mistakes investors tend to make as they seek profits from the market. Of course, no session is complete without introducing the Permanent Portfolio. The crowd was definitely interested judging from the questions they threw up during and after the session.

There was a particular question that struck me as being important enough to share. Towards the end of the session, a member of the audience asked Alvin if he builds and maintains his own permanent portfolio. Alvin said no, he does not, and that prompted the gentleman to probe further. Why not, he asked, since he is promoting PP as such a low risk, low cost, low volatility and low effort solution for retail investors, why is he not invested himself?

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