No. of Recommendations: 2
Saul's track record
During the 18 years from 1989 through 2007, Saul achieved annual returns of 32% compounded, which would put him in the ranks of legendary investors like Buffett, Peter Lynch, and Stan Druckenmiller. He retired early in 1996, thanks to his investing prowess.
More recently, from 2017 through 2021, Saul achieved a total return of 1,877% in only 5 years. That's not a typo. If you started with 100K in Jan 2017, found Saul's board, and followed his buys and sells each month, you would end with $1,877,570 in December 2021, as long as the money was in a tax deferred account. That's a compounded annual return of 80%.
A couple points. Investing performance is like catching a fish. It is extremely common to exaggerate it. I read his knowledge base also, and I saw numbers like 25% and 30%. Now, normally, I would not believe this, but Saul is exceptional outside of investing. He went to Harvard Medical School, and has written at least 12 books on French. He sounds like a genius. What I mentioned is verifiable. Given his IQ, I do believe he has had incredible returns.
However, I disagree with your other point. There is an incredible amount of trading. He is essentially a swing trader. Since, he could sell and buy something else the day after his report comes out, you would not get his returns. If you look at Bear, his portfolio can turn over 80% in a month.
Your other points about investing are spot on.
