He always says he is not a trader or market timer just knows the big pic he also is loaded so drawdowns don't bother him he looks out years and years
When my grandfather died in 1944 he owned stock worth about $28,000 AT COST in the 20's. When my grandmother died in 1972 my father liquidated all the positions (none of the companies had gone bust) and put $29,500 into her estate. I guess if my grandmother had lived another 20 years and my family had gotten out for $70,000 or $80,000 we could be termed people who looked at the big picture. This asshole was recommending wheat, corn etc. all the way up and to stand pat on the way down.
Have you read the book Market Wizards? Jim Rogers has been long commodities and bearish against the US dollar since the 80s! Even a broken clock is right twice a day. He's been wrong for the better part of 25 years now.
Wouldn't you have to know a bit (or maybe a whole bunch) more about what he did with the money to make that judgment? His choice returned more than 3X the return he would have gotten had he held the stock.
Right, and oil was below $20 until 1998, meaning he lost out on the Dow going from 1200 in 1985 to 9000 in 1998 He's been wrong for the better part of 25 years. Even a broken clock is right twice a day. Fact is that if he invested in an index fund with compounding dividends, he would have made more money than he did with commodities, with a lot less risk.
Can we just all agree that this man (regardless of his early successes) should stop making a fool of himself. To listen to him talk you would think that paper assets have had a horrible run for decades. None of what he says has any credibility. That said, I am very bearish on "paper" of all sorts -- stocks, bonds, currencies -- for the longer term. My longer term = three to five years not multiple decades.