If that occurs, I will owe my clients an apology for not jumping on the conventional wisdom and will have no excuse for our miserable 8.7% to 10.3% returns of our balanced portfolios when the gold and real estate weights would have out-performed by about 2% to 3.5%, if history repeats itself like our worst inflationary spike.
"It's a hard thing for me to admit but I was certainly not in control of my emotions at the time and acted irresponsibly and irrationally, " wrote Stuart in his apology, adding "but that's not an excuse for my behaviour".