MFG 1.02% $9.71 magellan financial group limited

Ann: Video update from Chief Investment Officer and Chairman, page-116

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    Here’s something for the hamish fanbois-
    The math of percentages shows that as losses get larger, the return necessary to recover to break-even increases at a much faster rate. A loss of 10 percent necessitates an 11 percent gain to recover. Increase that loss to 25 percent and it takes a 33 percent gain to get back to break-even. A 50 percent loss requires a 100 percent gain to recover and an 80 percent loss necessitates 500 percent in gains to get back to where the investment value started.

 
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