His long-term record seems bad due to his short-term underperformance (as he noted in this years annual report). Go back a couple years and see the long-term performance.. not sure it's fair to judge off some bad recent years. As Greenblatt talks about in magic formula, its works, because it doesn't always work.
Mr. Francis Chou's 2016 annual report is out
in General Discussion
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His long-term record seems bad due to his short-term underperformance (as he noted in this years annual report). Go back a couple years and see the long-term performance.. not sure it's fair to judge off some bad recent years. As Greenblatt talks about in magic formula, its works, because it doesn't always work.