Doesn Asensios track record speak for itself?
A. Only if you are naive enough to believe him. He has a history of lying about his performance. That definitely speaks for itself. Asensio says a portfolio manager who followed his advice would have realized an annual return of 46.6%. He once claimed an annualized return of 71.125%! Please! If anyone has such a record (which we doubt), you can be sure he is not sitting in a one-room office with two twenty-something assistants. He is collecting a salary in the double-digit millions at a brokerage or hedge fund. There he is surrounded by a cadre of MBAs and PhDs, themselves quite accomplished, who are surrounded by their own battery of up and comers.
