I feel this is one of those times when something Marcus Padley said a while back rings true, to the effect of "do you want to be right or do you want to make money?" Hamish was absolutely right in a scientific sense but the markets have gone the way they have, leaving Magellan's funds well behind. Our market at the index level hasn't really reacted that much to delta news - only a few percent up and down it seems.
MFG Price at posting:
$53.52 Sentiment: Hold Disclosure: Held
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