Watch this…..he was wrong for over a year before he was spectacularly right. In today’s world he would be called “out of touch”, “a dope”, “fool” etc…. Just like we are hearing Berkowitz called today, Buffett was called in 1999-2000 and others.
The point is, the greatest trades often take time and you have to be willing to be wrong for a while….oh yea, and ignore those with time frame measured in minutes or days or weeks. Spectacular investments NEVER unfold in days or months.