The Portfolio
Harry Browne's Permanent Portfolio: Four Assets, Four Economic Conditions, One All-Weather Design
Harry Browne's Permanent Portfolio is a simple investment strategy designed for resilience across four economic conditions: prosperity, recession, inflation, and deflation. It achieves this by holding equal 25% weights in stocks, long-term Treasury bonds, gold, and cash, ensuring at least one asset class performs well regardless of the economic environment.
Chen Wei·October 18, 2026
