The question is, will he still see a profit if it takes 5-10 years? Will his investors stick with him even if he loses billions? They almost left in 2008, what if this takes longer than that?
If you’re taking the contrarian stance in investing, you have to be right both about direction and timing, and timing the market is very hard if not impossible.
The question is, will he still see a profit if it takes 5-10 years? Will his investors stick with him even if he loses billions? They almost left in 2008, what if this takes longer than that?
If you’re taking the contrarian stance in investing, you have to be right both about direction and timing, and timing the market is very hard if not impossible.
Yep, you can only do so much risk management and hedging, and only for so long. There comes a time when you have to cut it off but, you know, hubris