Ann: Hamish Douglass - Partial Share Sale, page-27

Was Hamish nothing more than a pumper and dumper of big tech allocations over last decade....Alibaba wtf ?? .....a case could be made now...

Highly Irresponsible investment allocations for punters and Super. Ever heard of Divvies....BHP CBA TLS....and heaps of them globally.

Still maybe not a Billionaire anymore but he and wifey have more money than most have in a 100 lifetimes. Good luck to them.

He still built a business that has $50bn in FUM and help build Barrenjoey...still a good business..perhaps no returns for holders or investors but fee business is good.....although declining by the hour day week month and year...could take a few years to stabilise. It will eventually but not this year. They say Asset managers are worth 2.5% of FUM + net debt..as the valuation so thats $1bn or so stabilised.
So Still a long way to fall unless FUM starts rising....

When founders sell you do also. Golden rule of investing..why ...they have perfect information. This was a big chunk. Markets rising again so some hope.

GLTAH DYOR. Ignore mine.