Many a wise person has said that its impossible to time short...

Many a wise person has said that its impossible to time short term movements in markets. I didn't think this was true, but over the years have learnt that it is very true.

Angus thinks that he is smarter than everyone else and can win by betting against the market. They need to have along hard look at how well their strategies have worked in the past - the definition of insanity is said to be doing the same thing over and over again but expecting a different result.

Overall, their performance when given free reign (as they have been able to do with FPC) and follow their own advice is pretty poor. They have shown that they cannot beat the market. I thought they had improved this year, but alas.

Still, maybe Angus will read this thread and strive to do something to snap out of this recent losing streak. I live in hope. Plus, its well below NTA now.