People see what he says as irrational because they don't line up with their initial line of thought. My background is in neuroscience and psychology, especially on the research side. Majority of people (in the world, not just this forum) will have 2-3 biases that lead to the sort of attitudes that we're seeing on the boards. I'm posting from my iPhone or I'd provide links to the research done. The first one is a confirmation bias. People are going to like and search out information and people who say things that they already were leaning towards. They don't look for or generally like information that goes against their gut/original belief. You can see this a lot with political parties but it works just the same with investments. People who have already bought (and especially held for over a year) like and look for Information that is in line with why they're holding. They from upon negatives and 'bashers' because it doesn't go with what was said before. The second one is an optimism bias. People are likely to be optimistic with themselves. When asked how likely they are to live past life expectancy, have a heart attack, get cancer, win the lottery etc. people will almost always say for bad things it's less likely to happen and good things more likely to happen. This is true even when people are given the statistics of what a condition for the population is (both population at large and for their subgroup). Most people here are going to be optimistic about CUU and their own investment decisions once they've made them (though not always until after they make the decision). Being exposed to only positive views propels this further. Webs will throw in the other side to help bring expectations to realistic levels (mudguy did this too). He'd play devils advocate from time to time or give opinions of OTHERS that he's friends with. People who won't post here because of the first point (confirmation bias) and not liking the unhealthy optimism that's going on here. The third is attributing motives to others that you wouldn't attribute to yourself. If someone else makes a mistake, it's because they're stupid (internal reasoning) where as if you mess up its because you were tired, stressed and there were problems outside your control (external reasoning). In regards to this, if web or someone says something negative it's because he has an agenda. Same with Brent Cook. They have an agenda and need to save face, but your intentions are true and blue. Combined with the optimism bias, if management is late - they must be in backdoor negotiations (optimism + confirmation, and because they're seen as 'a part of you' since you've backed them, you actually attribute external reasons where as non-friends you won't). My point is that web may 'flip flop' but it's healthy. He's just showing both sides not trying to induce panic. Every investment has risks and you need to be aware of them as an investror. The global markets, managements ability to hit timelines etc. are risks - though ones most of us have accepted. Becoming annoyed when their brought up is pointless. Sorry for the formatting, but agora squishes eveything no matter what when you post from an iPhone for some reason. Anyway be aware of your biases.