[quote=CDMA ENG]
Very true but I would rather see EOY performance over quartely. You can make anyone look bad on just 1 or 2 two quarters of performance data.
CE[/quote]
It did not take much forethought to go all-cash in 2007 and wait for the storm to blow over. You would’ve gotten returns similar to Mish’s hedged fund, avoiding the downside AND the upside.
At this point I’m more sympathetic to Warren Buffett. If you listened to this
and invested into NASDAQ the following day, you would’ve made 25% on your money by now.
