MSB 3.21% $1.13 mesoblast limited

Silviu Itescu The Legend, page-185

  1. 4,887 Posts.
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    Not sure why you invest but I invest to make money. Apart from excluding a few companies for a variety of reasons I really don't expect a significantly different long term return from established or emerging companies over time.

    If anything I expect a HIGHER return from the emerging company on a 10-year timeframe to compensate for the added risk.

    As for remunerating a small Cap Fund manager I'd do it against a Small Cap Index (like for like). There are any number of peers for MSB in the small Cap health space, pretty much all dwarf the return MSB has delivered.
 
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