he is up in-line with the market for the year. has outperformed massively vs the market over the last 3 years, in basically in line over the last 5 yrs and has crushed the market since inception. what is all the panic about.
Doesn't make sense? Look at Oct 2008. Hussie removed his hedges buying with both hands because he thought the market was "cheap". Then it got a whole lot cheaper.
Wait until Monday when Hussie releases his latest write up. Watch for "...have significantly trimmed our hedges..." and "...positioned ourselves for market gains going forward.." and "...market valuation now reasonable..."