Peter Lynch

The Most Essential Secret to Successful Investing

>>>I first suggested shorting financials to readers of my advisory service International Wealth Advisory in late January 2008. We bought the UltraShort Financials Proshares (SKF) an inverse fund that returns 2X <<

And you are bragging about this??? Most smart money shorted financials in 2007, not 2008.

>>>We ended up closing out our position for a 51% gain in mid-July. Being patient nearly doubled our return—our original gain, if you’ll recall, was 30% in February<<<

Your definition of patience must be different from mine and Buffett's. 6 month is not patience. 6 year is.