Interesting statement. But, both Magellan and Warren have 40-50% of their portfolio or more in growth stocks. Isn't that correct? Gee, I wonder what happens will happen then if tech stocks go splat. Their portfolios will magically generate positive absolute returns har har.
https://www.cnbc.com/2022/01/04/warren-buffett-makes-over-120-billion-on-apples-trot-to-3-trillion-among-his-best-bets-ever.html
Making statements like "leverage is a double-edged sword" mean nothing without context so I'm not sure what you mean.
Is a utility company employing significant leverage to invest and maintain the provision of essential services which you rely on to have your lights on? If so, that's necessary and effective.
Is a personal investor using significant amounts of borrowed capital to amplify returns? Probably a bad idea for individual investors for sure. But if it comes down, what does it really matter for companies like Apple and Microsoft? Sure their stocks will go down a lot, but they have AAA ratings and the biggest cash balances among any companies in the world. If anything, they could make strategic or bolt-on acquisitions for cheap while the structural growth story to the cloud, AI usage continues, and they will keep increasing their dividends.
I don't scorn value and defensive stocks. Please don't make lies up and try to read my posts. I bought MQG at $85 and picked up significant amounts of the index at their COVID lows, and I've held JNJ, P&G, and railroad stocks, largely ignored by most Australian investors because they're "boring", for a very long time.
Feel free to go with the odds which I don't know what you're referring to. If it's MFG stock rebounding based on fantastical theories that Hamish's core strategy will rebound, then I hope your fairy tale comes true. But never will I refer to MFG as a value stock if the value is inherently linked on one man's ability to beat markets. That's gambling.
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- Ann: Funds Under Management - December 2021
MFG
magellan financial group limited
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$9.47

Ann: Funds Under Management - December 2021, page-92
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Last
$9.47 |
Change
0.170(1.83%) |
Mkt cap ! $1.628B |
Open | High | Low | Value | Volume |
$9.30 | $9.60 | $9.25 | $8.326M | 876.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3136 | $9.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.52 | 129 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3136 | 9.450 |
2 | 4976 | 9.430 |
1 | 106 | 9.410 |
1 | 105 | 9.400 |
1 | 1000 | 9.380 |
Price($) | Vol. | No. |
---|---|---|
9.520 | 129 | 1 |
9.560 | 1000 | 1 |
9.580 | 5004 | 2 |
9.600 | 2099 | 3 |
9.610 | 4000 | 1 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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MFG (ASX) Chart |