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You may have heard the classic investment advice to keep 60% of your savings in stocks and 40% in bonds. But what about the
25/25/25/25 plan,
also called the “permanent portfolio”? Recent research shows that this crude allocation beats most of the more carefully calibrated ones.
Speaking of carefully calibrated plans, the French, Germans and Spanish in 2017 dreamed up the “Future Combat Air System”, splitting the work (and rewards) of a new jet and other modern air-war kit between them. Now the partners risk falling out, putting not only a
showpiece of European industrial might
at risk, but also the prospect of greater independence from an unreliable America. | 
