questions to be answered!, page-11

You'd think, given they are now market neutral (same value short and long) that underperforming would be less likely!

It is true they had a stellar few years, where they pulled off a perfect short list and a solid long portfolio that generated excellent profits and reserves!

With the same team still there, all they need is some of the shorts that have burnt them to fall again. This may take a few months for the market to get bearish and the over pumped biotech sector to crash again. ALF have said many times they believe shares are overvalued, and so do i, and they are positioned for this.

Therefore i am buying more at these prices, to position for a correction and its now at NTA, so less risk.

Also, over 10 years this is the second best LIC in terms of performance, so 6 months of underperformance is no reason to worry when you have runs on the board.

Fire buy now for me