- Porter's Daily Journal
- Posts
- Porter, That’s Impossible!
Porter, That’s Impossible!
Porter's Journal Issue #104, Volume #2
Porter Stansberry
September 10, 2025
How To Earn Market-Beating Returns Without Taking Market Risk
This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors. It includes weekday editions and two weekend editions… and is free to all subscribers.
Porter’s Permanent Portfolio is up nearly 25%… Equity-like returns without matching risk… And if you invested with margin… A new portfolio coming at the Porter & Co. Annual Conference… Payroll numbers revised way, way down… Cash is not king… |
Table of Contents
A year ago, I made our subscribers an absurd promise that I suspect most of you didn’t believe.
I told you there was a simple way to invest, a way that I’d learned from one of my wisest and most powerful mentors – a true Adler. Harry Browne taught me, 30 years ago, the greatest secret in all of finance: how to earn equity-like returns without taking equity risk.
Virtually every experienced investor and certainly every mainstream economist would tell you that’s impossible.
And I didn’t stop there. I also promised that by using this strategy:
You don’t have to buy and sell (or very rarely), and you don’t have to follow the news or worry about the future. The portfolio is structured in a way that makes it difficult – essentially impossible – to lose money, no matter what happens to the economy, or to individual stocks.”
This approach is perfect for retired investors, who must try to keep pace with inflation, while not being able to accept the volatility that normally accompanies investing in stocks.
It’s like setting a clock, once a year.
You’ve all been taught that these results aren’t possible. You’ve all been taught that to make big returns, you must take big risks. Those rules are framed by finance professionals as if they are laws of physics: they are inviolable, immutable.
But they aren’t.
Last year, I disclosed that, working on my own, I’d discovered several ways to massively increase the returns of this ultra-safe strategy – again, without increasing risk.
My version of Harry Browne’s incredible “Permanent Portfolio” not only provides equity-like returns without matching risks, my strategy produces market-beating returns, without any material increase in risk.
Over the last several Daily Journal essays, I’ve been trying to show you why these ideas work. I’ve told you a little bit about how I came to learn these strategies. They were developed, over hundreds of years, by a secretive group of uber-economists. These ideas are incredibly powerful because these strategies are powered by the massive ongoing manipulation of the currency.