And when the MFG share price is down 60%, Hamish will be more...

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SallySet

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24/12/21

08:21

Post #: 58499238
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Originally posted by pastperformer: ↑

I think you have hit the nail on the head. This is my personal view (right or wrong) - The next 5 year generating a meaingful return is actually going to require conviction. Not just "a bit" of conviction, real conviction. For example, Hyperion have a very specific view of the world, they will either be very right or very wrong, no in between.

Magellan also fit into this camp, but this is less of a stock/style specific view and more of a macro and political view, which historically has been very hard to predict.

For me personally, I prefer to pair a munro which is in my opinon the best global LS manager with an Aoris/Loftus/hyperion.

If you don't take a view of the world, you may as well buy an index hugging ETF, because the environment is going to get very tough from here on out. Place an each way bet and stack your chips in things like unlisted property and private equity to generate alpha. Most of the major super funds have of course already been doing this.

The challenge for HD is that its going to be very difficult to beat the market with their current portfolio. So he needs to do one of two things, sit a large part of the portfolio in cash and find a better entry point OR take some big positions on businesses with low weighting in the index that can outperforma the likes of the FAANGS. Both are challenging but not impossible.

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And when the MFG share price is down 60%, Hamish will be more incentivised than ever.

Prepared to back him.

MFG Price at posting: $20.96 Sentiment: None Disclosure: Held
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(20min delay)
Last $11.41		Change 0.150(1.33%)		Mkt cap ! $2.033B

Open	High	Low	Value	Volume
$11.32	$11.50	$11.28	$3.850M	338.5K

Buyers (Bids)

No.	Vol.	Price($)
12	1077	$11.40

Sellers (Offers)

Price($)	Vol.	No.
$11.41	175	3

View Market Depth

No.	Vol.	Price($)
13	1114	11.410
12	1587	11.400
11	1654	11.390
14	6200	11.380
15	3649	11.370

Price($)	Vol.	No.
11.420	21800	32
11.430	1282	12
11.440	10609	11
11.450	1116	7
11.460	5172	7

Last trade - 14.56pm 21/10/2024 (20 minute delay)

MFG (ASX) Chart

And when the MFG share price is down 60%, Hamish will be more...

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And when the MFG share price is down 60%, Hamish will be more...

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