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."
HML Price at posting:
$1.99 Sentiment: None Disclosure: Not Held