He fit some time periods that happen to avoid the 87 crash and most of the 2008 crash. It's funny, when stats tell you this story, it feels more compelling than

He fit some time periods that happen to avoid the 87 crash and most of the 2008 crash. It's funny, when stats tell you this story, it feels more compelling than some instruction to just avoid the two largest market crashes since 1929, but in reality neither are telling you anything. If you chop up financial data sets enough, you can always find some generally defined subsets that perform better than the whole set.