perjay I don't agree, I personally wont buy lic's thst...

perjay I don't agree, I personally wont buy lic's thst trade near their NTA. The discount needs to fund a portion of the afmin costs. of course there will be times when it gets close and times the fiscouht gets larger. i really eont invrst in funds that GW runs - personsl view much hyoe - WAM over 10 years hasnt even narched the sll share index. Anyone wanting to pay the premium that it trades at is biying sonething thst isnt there.
M G in the years 2009 until he listed GC1 ran z very successful funds management organisation. Personally I think it has rsken a few years for him to get to where he us now - ignoring all of us and putting togrther a great portfolio.

Heading into the future I think stock pickers will be good again - actually I think they are best at avoiding the potholes we fall into. I dont think yhry perform well in a bull market. I am happy here. Why wpuld I be concerned by the didcount unless I like trading. If I hold it is irrelevant to me.