In a previous post, I bagged CDM for having all the major banks shorted. The banks rose strongly the previous month. This month I note that banks don’t appear in their top 20 stocks, and the banks have fallen sharply ? Did they get their picks wrong or were they nimble enough to navigate the fluctuations ? The SP has done nothing significant except fluctuate by approx 1 cent up and down. I wonder if they are actually making a buck with our hard earned, or are we just going around in ever decreasing circles getting some right and others wrong ?
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- Ann: Investment Update and NTA January 2023
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