$200 Party, page-138

No I don't think I'm smarter than the market which is why I hold core ETFs/LICs also.

I do however enjoy taking advantage of buying great businesses cheaply and holding for medium/long term such as MQG at $80.

$6.50 earned in dividends thus far and likely a minmum of a further $5 per year for each year I hold or min. 6% yield.

I recall those who bought during GFC lows calling MQG overvalued in 2014/15 when it hit $80+ and many sold, which was great for them as the price softened into the $60s during the Asian Crisis in 2016. After that, the share price action is history. I believe MQG will be much higher than my $80 buy in when I sell also.

Alas, it appears we manage things differently Madamswer but that's the market for you.

Thanks for recommending companies that you deem as undervalued, ARB and REH are interesting choices (both founder led?), noting after a cursory glance that both are off their Covid highs and have obviously benefited from Covid related demand increases. I'm eager to hear your analysis on their growth forecasts, however as this is the MQG thread, I'll check in over on their threads for it if you've shared.

All the best mate