Ann: Monthly Investment Report January 2020, page-18

Well said, Sloanrunner.

Fund managers are definitely a conflicted lot. They seem be tantamount to politicians with their inability to say we stuffed up, my bad.

I guess what they don't realise is, people are more likely to accept a bad call than weasel words which essentially say they got it wrong.

There is no doubt they know how to appease the masses with their reports. How else would anyone accept the performance to date in a rapidly expanding market.

Like I have said before, the tagline of growth is hugely overvalued... value will come back... only works for so long. Ultimately, people wont accept the ridiculous fee structure for abysmal performance.

I don't think I can remember in recent times, the market being on such a knifes edge. I fear the slightest hiccup will see a massive sell off, which LSF has shown it is not immune to. If anything, they fall harder.