It works! It really does!
Now, tired of guiding subscribers from one paper loss to another, Tom Gardner has finally admitted that LTBH doesn't work. And this is where I beg to disagree. The MF has been touting Buffett's example for years, but it didn't occur to them that the real Buffett would never have started to emulate Buffett until the moment the cult of Buffett has faded. That moment has finally arrived. With the formely permabullish Tom Gardner guiding the lemmings into complicated option strategies, we are now witnessing very obvious signs of capitulation on LTBHers' part. The road is clear. Rather than follow the pied piper, it is now time to adopt LTBH as the only working strategy for the next decade. As to the "Pro" subscribers, they are chasing the next hot strategy that will work wonders for them two years ago (the choice of verb tense in this sentence is deliberate, because this is the rationale behind this new strategy - they are still preparing for the last war). Now is the time to buy and forget about the market for 10 years.