Ann: Funds Under Management - August 2022, page-71

If MFG is at or below your fair value price, you won't lose any sleep bearing some blood.

No one can know the ultimate floor price of markets or stocks in the short term, but over the longer term, good investors nearly always win out.

Many here have stories of unloved oversold stocks that were lost in the wilderness for 1,2, 3 or 5 years that became the 2,5,or 10 baggers of the next decade. I am not putting MFG in the 5 or 10 bag basket as it is unlikely to fall that far or recover that far. Nevertheless, the sweetest investments in my lifetime, the 50 and 100 baggers found me left in the cold with nothing but time, conviction and additional investment in my favour.

I love the lynching this stock gets from the "sophs" on this site. They reinforce my awareness that there are 2 sides to every trade and each may assertively hold a different view. We will not know who is right on the stock for a few years yet, but I remain very comfortable backing some of the best analysts in the business and Mr Market.

GLTASH