You are preaching to a group that refuse to accept over 30 years of statistics.
Trust me... there are still people who eat up the trite comments from active managers... you know... this time is different. Passive will now underperform... unlike yesteryear.
Marketing is a beautiful tool.
The fact people still back the horse that loses over 70% of the time, in the long run, should tell you everything.
Magellan is the epitome of active management. They get it right for a while - and then it all goes to sh...
Persistence is always the enemy.
That and the people that like to maintain they are smarter than the sum of the market. Enter your next private school boy in a suit.
Ironically, the younger generation are fully aware of active's woes.
Valuation still looks convincing, page-39
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Last
$10.77 |
Change
0.170(1.60%) |
Mkt cap ! $1.925B | |||
| Open | High | Low | Value | Volume |
| $10.56 | $10.83 | $10.55 | $5.107M | 475.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2044 | $10.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.82 | 100 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |