False statement- “Over the last 15 years the MGF has averaged over 12% p.a. after fees, without any action of clients.”
common among Hamish fanbois, they just throw any number to suit their narrative.
as last 2 years, magellan lost 20% and markets gained 30%. That’s just opportunity loss of 50% right in your face! And to outperform markets, magellan should have risen by more than 30%. or now mr smart implies that magellan will do something mind bogglingly miraculous to not only outperform markets by 12% but also recover the blunder of last 2 years. That’s like rise by 60-70%.
while hamish professes to be world leading virologist and hybrid baby of warren buffet and bill gates, he is just a below average hot air balloon, which has touched his stratospheric high 2 years ago. Now losing its shape and on the way down.
MFG Price at posting:
$21.21 Sentiment: None Disclosure: Not Held
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