@TheOwnersFund @cntrpositioning@GSpier If you bought in 2001-2002, you would have outperformed through 2013, but the subsequent underperformance would have wiped out all the previous outperformance.
@TheOwnersFund @cntrpositioning@GSpier Looking at the chart, hasn't he underperformed since ~2001-2002? I would imagine his results are worse on an after-tax basis...