Ann: Funds Under Management - December 2021, page-49

lol probably the same issue as Magellan has.

Everyone want's short term outperformance.

Morningstar is not useful if you are chasing this.

Personally I find Morningstar very very useful. One of the few independent research companies left, and their research is essentially based on long term valuations. They can get things wrong because of their research criteria and valuation technique. But for me and my 'scatter gun' approach, win some loose some, but I am always looking for long term value plays that the market has incorrectly priced. Short term share market pricing is irrelevant, its only there to tell me whether to buy or sell vs longer term IV.

So simple, yet so few can follow.

Maybe MFG will prove to be one of the loosers and maybe it wont.

Either way I don't really care.

Let that share price drop baby, the lower the share price the less the risk.

I have got my initial position, now I squat and wait and see.