When asked about this underperformance, he replied, “I think it is an irrelevant data point. There is nothing intelligent that one can say about short periods like 10 months. I never make investments with any thought to what will happen in a few months or even a year.” (emphasis added) The problem with the 24/7 media culture we live in is that everybody has to have something to say almost all the time. And yet most of the time there really isn’t anything worth saying.
