MFG 0.24% $8.50 magellan financial group limited

MFG@$10, page-92

  1. 7,282 Posts.
    lightbulb Created with Sketch. 1069
    correct me if i am wrong, but didnt LTCM have its office stuffed with off the charts IQ employees.

    And yet it still blew up quite spectacularly.

    IQ above a certain level does not lead to better investment returns, in fact significantly above a certain level, it leads to reduced returns (in absolute terms, in terms of returns from flogging off to others to generate a return, it might be different).




 
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