Yes. The only time I saw him humble over the last ten years is after the Covid plunge and he was expecting a recovery that would take years. But as luck would have it we recovered that quickly, too.
To me this was an example of being experienced in the market. Go back and look at the 5 days before the event. Notice the volume and the price stagnation. Also note where it was sitting on a cliff. So I went short, but did 2x ETF NQ and ES because it was nearing Oct. Then did 2x allocation because it was sitting there too long for a bounce. OTH took the money on the open after about 4 hours, because I was too paranoid about a retest, war etc. Left about 4x on the table in 3 days.
Mental masturbation, pure and simple. But this ain't just the problem among traders. It's especially prevalent among the "elites" in the academic circles. Made me sick when I was in school.
This phenomenon occurs because individuals who lack knowledge or skills in a particular area may not possess the competence to accurately judge their own performance. Instead, they often mistakenly believe they are more competent than they actually are.
Joe Rogan -about as useful as Trump although without killing 460,000 Americans Here's the grown ups: https://apnews.com/article/fact-check-us-government-trillions-lost-sept-11-670264168912