You might think an investment guide written in 1987 couldn't be relevant to the current scene. Not so. The first 200 pages examines and demolishes all the usual investment strategies/sales pitches because these usually result in loss. Then Browne introduces the idea of a "permanent portfolio," a mixture of very low overhead investments whose inevitable ups and downs balance each other resulting in moderate profit with great stability.
A passionate plea for independence and self-sufficiency on small, intensively worked acreages. Hall illuminates the social forces propelling people into city poverty when they could live with simple liberty and plenty in the country.
This little book enables an intelligent investor to understand corporate financial reports—if they have been honestly stated. When a corporate financial statement seems incomprehensible or unanalyzable after applying Graham's book, then it is reasonable to assume that what is being analyzed is an example of accounting dishonesty.
We think anyone seeking independent self-sufficiency should meet Dolly Freed.