you have got to be kidding me, page-33

I've raked Yogi over the coals for his superstitious approach.

He was wrong in December and I excoriated him for it.

But when he was right about January, I was honest enough to publicly admit it.

Of course, it will be a cold day in hell when he admits he's been wrong.


I've never seen anybody take as much gleeful joy in other peoples' misfortune. Yogi has made schadenfreude a dirty art.

For the sake of the longs, I hope he's right about the end of February. I really don't give a shit if he's gloating about "predicting" everybody's good fortune.

But if he's wrong, I guarantee you won't hear a peep out of him.

He reminds me of those scammers who cold call 200 people, telling 100 of them that gold will go up and the other 100 it will go down. Then when gold makes its move, he calls the 100 people who heard the right prediction, telling 50 of them it will go up and the other 50 it will go down. When gold makes its move, he only calls the ones who heard the right prediction, telling 25 it will go up and the other 25 it will go down. At the end, he's got a group of 25 people who've heard him call it right, three straight times. He calls them and tells them he'll sell them his next prediction for $100.

We'll only be hearing from Yogi when his "predictions" come true.

To be fair, his approach does introduce an element of random contrariness, which is really the only possible way to beat the market. But it only works if you're on a lucky streak.