We welcome Paul Merriman back to the show. Today we speak about how to deal with a bear market. How do we adhere to our investment plan when our portfolios stop by 20% or even more? Paul brings his intelligence and experience to the important concern. We discuss everything from defensive moves you may take to if the market is over-valued. Should investors wait to get before market boils down? Rob: Paul, welcome to the show back. Paul: Well, it’s great to be back, Rob.
Thanks for the invitation. Rob: How is your summer going? Paul: It’s been an excellent summer. I did so a little traveling. A weekend My wife and I went to this amazing relationship workshop over. It drives her nuts, but while I’m sitting there hearing the experts discuss relationships I’m making notes about how that applies to investing.
I learned all about love and financing all in a single weekend. Rob: Your poor wife. We feel on her behalf already. Paul: She survives. And, of course, I had developed that amazing trip. After all it was truly one of the features of my whole professional life-that meeting with Jack Bogle in his office surrounded by Teddy bears and books and what a guy he could be. It’s just amazing what he’s done for your visitors and listeners and my listeners and visitors. Rob: How did the meeting come about? Rob: So might there be any nuggets of wisdom or things you’d like to discuss with your conversation with Mr. Bogle?
- Gross rents stay regular for twenty years (rents historically go up significantly)
- August 2
- Distributer & Supplier companies
- 6 years ago from Pittsburgh, Pennsylvania
- 6x – 20.4x 11.3x – 16.2x 8.3x – 11.8x 6.1x – 8.5x
Paul: Yeah, I think there were a true variety of things that struck me to be important to all or any investors. Component of what made Jack Bogle-at least from my view, to get so successful is he’s tenacious. He’s passionate. He really feels and lives his own life just how he feels people should spend money on conditions of his attitude towards money and thrift and frugality and all the things that have made him famous.
250 million Dean Witter underwriting that was intended to start the fund. 11 million and there were people who wanted to simply return the amount of money to the investors and just forget about it. But Jack was tenacious I believe and having spent a little time with him I could imagine what it would be prefer to have him at the director’s table making his plea to him to continue.
But then look at this, if you wished to have fun to sell imagine being able to sell an account that got the first 25 years of background that is between 16 and 17 percent compound rate of come back. How difficult would that be to sell? And imagine if I informed you that this fund was not only compounded at those earnings but that they displayed the most traditional, biggest, established companies in the economy?