Cassandra Unchained(@michaeljburry):Cassandra Unchained is in its anniversary month. What this means is we have been around for just 1 year. 1 year is a useless measure of investment skill. It's not close to long enough. The Superinvestors of Graham & Doddsville all lost money 3 years in a row during the mid-1970s. Another crop of value investing big guns were left for dead by March 2000. 2026 has been the worst year for consumer sentiment on record, going back to 1952. We are dealing with extremes, and have been for some time. We should all cut ourselves some slack for what has gone right and wrong over the last year.

2026.11.03 02:38

Cassandra Unchained is in its anniversary month. What this means is we have been around for just 1 year. 1 year is a useless measure of investment skill. It's not close to long enough. The Superinvestors of Graham & Doddsville all lost money 3 years in a row during the mid-1970s. Another crop of value investing big guns were left for dead by March 2000. 2026 has been the worst year for consumer sentiment on record, going back to 1952. We are dealing with extremes, and have been for some time. We should all cut ourselves some slack for what has gone right and wrong over the last year.

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