Baba,
You are absolutely correct. Something has changed, and that is my understanding of where we were/are on the development path. Obviously this is fluid in real time. When Ajit said "weeks, not quarters," I think he believed it. He was wrong.
And so we find ourselves here in the soup.
On another note, I see that Royalton just upped his investment by 300%. Now, I don't know anything about the man, but clearly here is someone who has managed his risk thru a prudent use of position sizing. It doesn't matter how big he is, the fact that he is able to do that says that his original position wasn't some insane majority of his portfolio.
Yes, yes, I know he has been here forever and his cost basis is probably the envy of the world, but I am just trying to point to a real example of "how its done."
Looking forward to the November CC.
