Please Explain, page-88

I couldnt agree more...... even in a bear market (which we arent) there are still stocks that will rise !
If he is market neutral, where is the money to be made if the longs fall to the same degree as the shorts “rise” ?
Like I said, Im not an ex-pert, but I cant see that his strategy HAS worked or CAN work to outperform, and to compensate for the lack of performance. The only thing we need now (NOT !) is to have a significant correction, and to lose on our personal portfolios, only to find that Justins strategy doesnt work.... and we lose on the shorts in ALF as well. Like I have previously said, only a fool keeps doing the same thing over and over, expecting a different result !