Ann: Funds Under Management - August 2023, page-3

Clearly there's a lot of operating leverage in a funds management business, the market is never "wrong" it's mostly 17 steps ahead of any one of us.
However I've increased my position to 80,000 shares of PTM with 50 shares of QQQ short as a texas hedge.
There's every chance that this is a falling knife, sentiment and the real facts of the case are bleak - a melting iceberg.
I won't add to my position from here because regardless of my views I keep position size limits to recognise I can always be wrong on any single position.

There's really a reasonable chance of a crash in the U.S. market and PTM is well positioned for such an event but it's priced as 0 probability with respect to PTM share price. I think that's where the "risk" or the main chance is here depending on your perspective.

Change my sentiment from hold to buy but if you listen to me and lose money short or long term, then you're an even bigger fool than I am and it's idiot tax with no sympathy from me.