The other day I mentioned Cullen Roche's appearance on Meb Faber's podcast. I neglected to mention Cullen's new book titled Your Perfect Portfolio: The Ultimate Guide To Using The World's Most Powerful Investing Strategies, not an affiliate link. The book included a look at some well known portfolios like the Permanent Portfolio and a couple that Cullen came up with. 

Pivot to an article by Chuck Klosterman that Tom Brady Is Not The GOAT, he instead makes a very short, thin argument for Jim Thorpe as the greatest of all time. By all accounts, Thorpe was thoroughly dominant in his era but GOAT is a difficult argument even if Brady isn't the greatest. Some argue Jim Brown is the greatest and there's an argument for Jerry Rice, one of my favorites is Earl Campbell but he's probably not the GOAT. Fun sidebar, Google "Earl from Austin" about Campbell for a fantastic story.

A few of the comments on the GOAT article astutely observed that what the article was really about was the folly of comparatives. How do you compare Bill Russell to LeBron James? How do you compare someone who played before the forward pass was invented to anyone from the last 70 years?

Cullen isn't trying to present the perfect portfolio in the book. The idea is to see how others have done it so that readers might then figure out their perfect portfolio. Perfect for you doesn't have to be perfect for anyone else is the point. We've framed this concept as taking bits of process from various sources to create your own process. 

You're 70, been retired for three years, your portfolio is keeping up with inflation while meeting your income needs and isn't positioned in such a way that you freak out any time the market hiccups. Regardless of what you own, if this describes you, how is that anything but the perfect portfolio for you? Maybe, your buddy made a little more last year or maybe a little less, so what, if your portfolio is doing what you need it to do and you can sleep, you have your perfect portfolio. 

Short one today, going through a very busy period. Nothing bad, just busy. 

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