Ann: Investment Update and NTA January 2023, page-9

Don't let a good story get in the way of the facts.
Remember ARQ? An absolute utter f debacle.
Remember very high stock concentrations? We know best!
Remember the illiquid and unquoted stocks? We know best!
TMC or green dodah or whatever it was called was pure jam.
It was and remains a super high risk concept at the high risk end of a high risk industry. Lucky.

Are they any better now??

I think many hard lessons were learnt at sh expense.
Pretty good turn around overall aided by getting into and out of trending or thematic sectors.
Looking ok to me currently.
But still high ego figjam simmering at the top.
And still cherry picking what and how results are reported or spun. Figjammery.
Just be real.