Wall Street Journal: Right Forecast by Schiff, Wrong Plan?
Wading into the controversy surrounding Peter Schiff’s investment under-performance, the Wall Street Journal has released an article which calls into question the fundamental arguments for Schiff’s investment strategy. Schiff, a fund manager often seen on television, has significantly underperformed the rest of the U.S. stock market, which itself saw a drop of nearly 40% last year. The question is why. Judging from the Journal piece his approach was aggressive and ill-timed. To my mind, this calls into question whether these losses can ever be recouped down the line. I have highlighted in bold the salient points of the article below.