If he really knew how to make money the stock would have performed better. Perhaps he knew how to make money in some industries, and lose money in others.
I think the stock ups or downs isn't about profit. It's more about people's believe.
Take Amazon and Apple for example. Amazon barely makes profit while Apple made huge profit, and yet when they released their financial reports (last quarter or 2 quarters ago), AAPL got hit yet AMZN upped.
