If you think LSF is bad and the managers are not doing a good job in the short term, have alook at ALF and their management over the last 3 years, and then smile.
BTW I think that over the medium term...., you will do OK !
But yes, I agree with you that IMHO, a 2 yr old (with a dart board) could do better and do less damage than certain aforementioned fund managers !
Ann: Net Tangible Asset Backing, page-6
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