I will just quote a part of this long rambling interview because, well , it is long and most of it rubbish. Dennis Gartman goes on:
He scoffs at value-oriented, buy-and-hold stock investors who incurred deep losses last year. "Warren Buffett is an idiot, " he said, emphatically, in a short interview after the speech. "Shame on Warren Buffett. That'll be a good quote for your article."
Yet, Gartner admits to being wrong two-thirds of his trades. He says his winners are big ones and make up for the losses. Malkiel, for his part, shakes his head at this. Full Story
Yes that could be true in the short term but we haven't given Buffett's big bets enough time to play out and it is a man wiser than Buffett himself or a complete idiot that would bet against him long term.
I would give Buffett 5 years tops for his investments over the last year to play out- most of them successfully.
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