“Can you really blame anyone who thought the correction was gonna start earlier?”
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It’s not about blame – it’s about the timing of the call. If, as Chris suggests, this guy was calling for a end to the RE run-up in the early 00’s and someone who was ready, willing and able to buy sat out because they believed in this guy’s call….oh boy. They missed out on what may end up being a once in a lifetime explosion in value. Following this guy’s call cost them hundreds of thousands of dollars. What a disaster. Timing is not everything, but it’s damn important. Being off by 5-6 yrs and hundreds of thousands of dollars is a major, major error no matter how you slice it.