In fairness to the guy, I'm picking up a lot of stocks right now that had a pretty reasonable valuation and bull case at double or more the price, just a few months ago.
I can well imagine that he's blown his load on modestly cheap stocks only to see them get a whole lot cheaper, which is a bit of a rookie mistake given the macroeconomic picture; but there are plenty of fundies out there who make much much worse mistakes than that.
But with the new veil of secrecy that he operates behind, there's no way to know any of this for sure.
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In fairness to the guy, I'm picking up a lot of stocks right now...
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