Overall, he didn't underachieve. But for that to happen, he had to adjust. Real Madrid have also won CL titles when they finished 5th in La Liga, or 15 points behind Valverde's Barcelona. Chelsea have done the same, Liverpool too. The 8-year barren spell i mentioned, from 2000 up till 2007, includes the peak of the class '92 and two more title winning sides. We could have done better. We went through rebuilding periods, true enough, but the basis of a good team was always there and we never lacked personalities back then. Thankfully, we performed better afterwards.