I called it at $40. They laughed.I called it at $20. They...

I called it at $40. They laughed.

I called it at $20. They laughed

I called it at $15.They laughed.

I called out their unsustainable dividend yield - you cannot be paying 100% of your profits when FUM is in a structural decline. They laughed.

I pointed out all the research house reports; where downgrades equate to terminal cancer for a funds management organization. They laughed.

I called it at $10. They laughed.

I called it at $8. They laughed.

I called it when it went back up to $10. They laughed harder.

I'm calling it now at $6.68.

This business, at its burn rate, is the biggest shorter seller's dream on the market.

I have no doubt that Magellan will float a proposal to go private when FUM drops to the $20B bracket.

They will keep laughing.

I bailed on this stock for a tidy profit the moment Hamish made the fund and career-killing decision of going "max cash". No-one can time markets. Not Hamish. Not Buffett. And certainly not any of you.

I'll be standing rich having avoided the plague, the bulls will laugh all the way into their graveyard, where they will have ended up working to death after needing second jobs to recapitalize their retirement ambitions.