{"id":44708,"date":"2019-03-23T14:29:33","date_gmt":"2019-03-23T19:29:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44708"},"modified":"2019-03-23T14:29:40","modified_gmt":"2019-03-23T19:29:40","slug":"extrapolating-the-recent-past-can-be-hazardous-to-your-wealth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44708","title":{"rendered":"Extrapolating The Recent Past Can Be Hazardous To Your Wealth"},"content":{"rendered":"\n

Extrapolating The Recent Past Can Be Hazardous To Your Wealth<\/a><\/strong><\/h3>\n\n\n\n

\u201cThose who cannot remember the past are condemned to repeat it<\/em>,\u201d remarked George Santayana over 100 years ago.  These words, as strung together in this sequence, certainly sound good.  But how to render them to actionable advice is less certain.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

George Santayana \u2013 purveyor of eminently quotable wise words by the wagon-load, but what shall one do with them in practice? [PT]<\/p>\n\n\n\n

Aren\u2019t some facets of the past \u2013 like the floppy disk \u2013 not worth remembering?  And aren\u2019t others \u2013 like a first taste of romance \u2013 worth repeating\u2026 if only it were possible?<\/p>\n\n\n\n

Where investing is concerned, remembering the past \u2013 and discerning what to make of it \u2013 can actually be a handicap.  Where does the past begin?  How does it influence the future?  How does one invest one\u2019s capital accordingly?<\/p>\n\n\n\n

These are today\u2019s questions.  What follows, with purpose and intent, is an attempt to scratch out an answer.  Where to begin?<\/p>\n\n\n\n

Many investment gurus in the early 1980s were predicting the future while projecting the past.  After a decade of raging price inflation, the popular dogma was to pack one\u2019s portfolio with gold coins, fine art, and antiques.  This was the proven, surefire way to preserve hard earned wealth.<\/p>\n\n\n\n

The United States, remember, was just a year or two away from going full Weimar Republic circa 1921-23.  The dollar was going to quickly turn to hyper-inflationary ash, like conifer trees in a California wildfire.  Everyone just knew it.  You could darn near count down the days.<\/p>\n\n\n\n

Right On The Money<\/strong><\/p>\n\n\n\n

Conventional wisdom, when it comes to the economy, markets, and investing, eventually leads to trouble.  While everyone is busy watching the status quo unfold with Swiss watch like precision, the conditions that first brought this state of affairs to fruition subtly changes.  Yet almost no one takes notice.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Extrapolating The Recent Past Can Be Hazardous To Your Wealth \u201cThose who cannot remember the past are condemned to repeat it,\u201d remarked George Santayana over 100 years ago.  These words, as strung together in this sequence, certainly sound good.  But how to render them to actionable advice is less certain. George Santayana \u2013 purveyor of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,124,2500,426,11763],"class_list":["post-44708","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-central-banks","tag-history","tag-inflation","tag-mn-gordon"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44708"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44708\/revisions"}],"predecessor-version":[{"id":44709,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44708\/revisions\/44709"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}