I find it odd that NOW he's talking about looking at valuations, as if there had never been any reason to look at valuations because he was making outsized returns, as if the outsized returns justified ignoring the valuations. For a well educated man (much smarter than me, no doubt) to have gotten so annoyed in the past when people brought up any whiff of valuations and now only at the bottom to be discussing them -- and portfolio management...I don't know. Maybe if he hadn't been so tough on anyone who questioned things when valuations couldn't be justified or explained or on anyone who wanted to better understand how to manage their own portfolio risk, I'd be more comfortable with his change of heart. Glad his 'my way or the highway' attitude turned me off from venturing too far into fantasyland. I feel for those who came to his party too late.

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