He's always talking about how he "missed" the gains in 2009-10. What about his "miss" in the past 3 years?
He's always talking about how he "missed" the gains in 2009-10 and how he's learned his lesson from that. What about his "miss" in the past 3 years? Since mid-2010 this fund has declined 23%, while the S&P 500 has gained 62%! Just in the past year and a half, this fund has lost 20% while the S&P 500 has gained 51%. This fund is almost like an S&P 500 short fund. He actually did better during the much-talked-about 2009-10 miss than he has during the past 3 years. This fund was basically flat from 3/9/09 to mid-April 2010, compared to the 15+% loss since then. I think he should talk more about the latter "miss" than the former.