Post #5772 by mungofitch on the Berkshire Hathaway board

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- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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That was Elan. Very wild ride!! I did quite well on that strategy for a while, but when it stops working it STOPS WORKING. After about 5 consecutive months where the strategy lost 100% of its money I threw in the towel.

That's what's so remarkable about Elan's result. He always kept enough cash in the account to keep going, and (most importantly) he kept going.

After several years he did start using a (gasp) market timing signal to indicate that there were enough bad omens that you might as well conclude it's a bear market and sit in cash for a while.

Jim

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