@McQuade ..."
Different underlying clients have different custodians."
For someone that claims to have run an institutional fund for 30 years, I would assume you would know that funds like hedge funds don't have underlying clients with different custodians. They are run independently, they have investors into the fund that have no control over anything, except when they can deposit or withdraw funds. Likewise for mutual funds, or Goldman, Mcquarrie, etc trading for their own account.
I also find the above claim of running a fund for 30 years hard to believe with your lack of knowledge of which stocks to stay away from and/or when to divest. I'll give 2 examples, PET which has been an unmitigated disaster (I use to hold but ran for the exit when the directors made 3 huge red flag announcements in a short period of time, when still well over $1/sh, that told anyone paying attention that there was trouble ahead!!) As you still hold there you couldn't see it, not the form of a successful fund manager...
Secondly and most importantly for this thread the following comment you made back in January about SGQ...
post
https://hotcopper.com.au/posts/58900981/single"
I couldn’t live with myself if I sold out at 7.5c just prior to a massive sulphide hit. I own shiploads of this thing…it would be life changing if they had a good hit on this seismic target. Hanging in, come what may"
That is clearly not the type of statement from a successful fund manager of 30 years. A successful fund manager of 30 years would have made millions, with something like SGQ being nothing more than another little side interest, certainly not invested to the extent that you couldn't live with yourself for missing out.
I clearly stated at the time that the seismic drilling was a waste of time and gave clear reasons why. Anyone that had a background managing a fund would have clearly done the research to see if what I stated was accurate or not, instead you decided to hope... I would expect anyone that had run a successful institutional fund to base their investment decisions in a very similar way to how they had invested for decades, which wouldn't be on just hope..
Then again I have known a few fund managers from my days of running the email group for PLS shareholders, back 5-6 years ago, many of them didn't have a clue about lithium at the time, nor about investing/divesting at the right time either. So maybe you did run some type of fund, but surely you have knowledge of many types, not just one, if your claim was true.
I've been investing/trading for my own account for 42 years, never been a fund manager to be clear, nor claimed to be one, though I have given financial advice to fund managers plural...
