User 68127

Investment Discipline in the Year of Capitulation

Libby, dude! Anyone who is down 40% in the last twelve months does NOT have a sound long term investment discipline.

You cannot be down that much and claim to have a sell discipline.

You cannot be down that much and claim to understand your companies and the market.

You cannot be down that much without failing miserably at prudent and responsible diversification.

Maybe you should re-consider whether some of these guys are indeed "legends." How bad does performance have to be before you realize that maybe they were just rolling the dice and got lucky?