MFG magellan financial group limited

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$8.49

I played golf in May 2020 with someone who is in senior...

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Dhm

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19/12/21

14:21

Post #: 58395124
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Originally posted by Jack1960: ↑

l disagree totally with the comments of this poster.

Magellan reducing risk, in a risky 1 in 100 year event situation, lost clients nothing. They merely did not participate in a most extraordinary abberation of global economic irresponsibility that saw asset prices rise to unsustainable heights, rather than deal with the reality that the world's borrowing excesses come at a price. Opportunity cost as a measure of returns is the game often played by losers rarely by doers

As for Warren, he is an active manager. He made his fortune for himself and others by buying assets at less than their underlying value. That will NEVER happen in a passive fund.

Warren simply believes there are not many as good as him so he recommends index funds. He is rare, but not one of a kind.

I have no clearer view if future asset prices than any one else. I will back my judgement that most investors will be crushed within the next 3 years deluding themselves that asset prices are not extremely extended.

ln this context, Magellan like many other successful investors, will protect capital when return of capital will trump return on capital.

No one gas a crystal ball, but I find little value in criticisms that come from the gallery of 20/20 hindsight.

l can absolutely assure most investors the path to success is built on making money, then not losing.

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I played golf in May 2020 with someone who is in senior management in BJ and I asked him then why is the equity market so bullish? His response was simple and short: ‘follow what Central Banks are doing.’
Seems like much of the rest of the world did. Magellan didn’t.

MFG Price at posting: $29.36 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $8.49		Change 0.000(0.00%)		Mkt cap ! $1.461B

Open	High	Low	Value	Volume
$8.50	$8.67	$8.48	$3.088M	361.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1950	$8.48

Sellers (Offers)

Price($)	Vol.	No.
$8.59	5048	2

View Market Depth

No.	Vol.	Price($)
4	10603	8.300
1	1175	8.200
1	1124	8.150
1	1242	8.050
3	4000	8.000

Price($)	Vol.	No.
8.590	3098	1
8.630	1000	1
8.650	3409	2
8.690	5000	2
8.700	3026	4

Last trade - 16.10pm 27/06/2025 (20 minute delay)

MFG (ASX) Chart

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