Well, I must either be silly or smart, as I'm buying more and more at these prices close to NTA. As recently pointed out by Occams, these guys have usually only taken 4 months to make up drawdowns, and are a stellar team in an irrational market.
Yes, I am disappointed too, and have seen WAM smash it since I sold out and brought this, but I believe in them and their team, and will continue to load. It will turn around.
On another note, the other champion Hedge Fund manager of the year in 2010-2014, Regal, is also having a shocking run, down 8-10 percent this year, and even more in their highly geared Atlantic Fund. Both will bounce back, so that is where my funds will head.
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