Ann: Change in substantial holding from JBL, page-43

Interesting... perhaps when in his post he says "especially given Stuart is widely considered the best in the hedge fund industry" it is based on a genuine misguided belief to justify his own investment decision in HML?

I had seen a @PeteWisdom post in another LIC spruiking the performance of HML. I looked at the chart and quickly bought in. Then when I did my research over the next couple of days:

- I was unable to work out what they were invested in
- How they made their money
- Any detail on the previous funds performance
- Shocked that someone would name investment funds after pirates, when piracy is defined as "an act of robbery or criminal violence by ship or boat-borne attackers upon another ship or a coastal area, typically with the goal of stealing cargo and other valuable items or properties"

I quickly sold out at break-even, even more relieved when a few days later it went into the now perpetual trading halt.

This has made me realise that when it comes to HotCopper, to paraphrase the Reagan quote, "Don't trust. Verify."