UH, did you read the most recent piece?
started to. he could have done a copy and paste from any of his articles from the last 9 years. all says the same.
his hedge fund needs a 50% crash to get the returns back to what would then be the new average.
you can't doubt his smarts or his thought process. Its erudite and well evaluated.
His timing stinks though. has done forever. He has no crystal ball. He''ll be right eventually (maybe not to the 2/3rds price crash) but it could be another 15 or 20 years.