01-12-2009, 05:17 PM
I see. So there is nothing that we can use to judge his performnce I guess? I see his site: http://www.europac.net/ but I can't find anything about his performance there. All I can find are forum posts where people talk about losing 30-40% in 2008 in the accounts they have with him (which I can neither confirm nor deny).
What I'm really looking for, is a reason to beleive this guy is different from anyone else. If he called the housing bubble, did he profit from it? Did he put his money where his mouth was or did he just put his money outside the US and lose the same if not more then the average investor lost in 2008?
Don't take this as an attack on the guy, as I've said before, I agree with 90% of his statements when it comes to investing and savings trumping consumption etc. I just really want to see some results. For example I've studied Buffet for 5 years now. That study, in combination with his outstanding results over a 40 year period (22% annual return) gives me great confidence in the guy. I want to decide if I should have confidence in Schiff or not.
What I'm really looking for, is a reason to beleive this guy is different from anyone else. If he called the housing bubble, did he profit from it? Did he put his money where his mouth was or did he just put his money outside the US and lose the same if not more then the average investor lost in 2008?
Don't take this as an attack on the guy, as I've said before, I agree with 90% of his statements when it comes to investing and savings trumping consumption etc. I just really want to see some results. For example I've studied Buffet for 5 years now. That study, in combination with his outstanding results over a 40 year period (22% annual return) gives me great confidence in the guy. I want to decide if I should have confidence in Schiff or not.
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison