I have heard it stated (yesterday, which is why this is “top of mind”), that “Talmudic Investing” suggests 1/3 of one’s assets in items that can be carried out of the country when a distasteful government gains power.
Lang said it was during that meeting he had decided to leave for Paris – but that the banks had closed by the time the meeting was over. Lang claimed that, after selling his wife’s jewelry, he fled by train to Paris that evening, leaving most of his money and personal possessions behind. Despite this, Lang’s passport of the time showed that he traveled to and from Germany throughout 1933.
I have heard it stated (yesterday, which is why this is “top of mind”), that “Talmudic Investing” suggests 1/3 of one’s assets in items that can be carried out of the country when a distasteful government gains power.
https://en.wikipedia.org/wiki/Fritz_Lang
Anyway.