Thursday, 7th May -- Volatility Reigns, page-95

Yea I'd say he's lost heaps, not a bad position to be in though where you own so much stuff that you can't go to cash even if you tried, in hindsight he was a bit of a leading indicator. I remember seeing some stuff on him half way through last year where he was apparently sitting on the largest cash pile he's ever had and wouldn't spend it because he thought everything was too expensive, so if he's still not buying now I'd take that as a sign.