Professional qualifications, experience and risk management...

Professional qualifications, experience and risk management should have been enough to ensure that Melb IT (where was the phenomenal upside to warrant an 18% holding ?) a. Should not have been purchased, b. should not have even got to that size… and therefore c. there would have been no problems “getting out” !!!!!
Quite simply, the quality of management and the holding did not warrant even entering… let alone an 18% holding, and thus the problem of “timing an exit” in a thinly traded , complex and “on the nose” stock would have been avoided along with the significant loss.
re the medical analogy ? Perhaps if you applied your “weighting” of the body parts and applied that to the percentages that Karl should have applied to Melb IT, it would have been more appropriate.
We are not paying fund managers peanuts ! And we don’t want people monkey-ing around with our money ! Anyway, water under the bridge.. and hopefully the same situation should not (hopefully) reoccur.