If he’s so vocal about the virus lockdown destroying lives, why was he never vocal about wars? Wars literally destroy lives and economies. Total destruction.
Gimme a break. He’s piping up because he bet on the Russell (which completely went against him earlier this year) and those companies will get punished disproportionately due to the lockdown.
There’s way too much emphasis on listening to financial figures when in fact they are just as clueless if not more. Money does not equate to intelligence and wisdom. Be wary of listening to people with a lot to lose.
By the way, his take on passive investing is only half right. There’s a reset every quarter. The way to play it is to short single name volatility at earnings.