This can be very useful for people who have made money with bitcoin and digital assets but eventually would like to create a calmer portfolio. I may write later about how bitcoin could be part of a permanent portfolio reviewed to today's possibilities.

Harry Browne was an US financial advisor, writer and politician.

His most influential work was de development of the permanent portfolio - A tool to build an asset portfolio that is able to perform under any foreseeable circumstance of the markets.  As anyone may guess, the also called "all-weather" does not perform as well as specific portfolios built for special market conditions. The developer of the method was mainly interested in preserving capital with a moderate return.

The basis:
- There are 4 basic scenarios: prosperity, inflation, recession or deflation. You would need assets that do well in each of these to keep a good balance.
- In Prosperity - stocks, to provide a strong return. Bonds will do well as well.
- In Inflation - Gold is the choice (not the only possibility though).
- In Recession - Cash or cash equivalents do well, due to low liquidity in recessions.
- In deflation - Bonds will do great.

This is how the basics look like. Simple? Yes, that is the beauty of it. This type of portfolio have been tested in different countries, so it is not specific to US or other.