Confidence Booster, page-130

I reckon of explained in past 10+ reasons why I really don't like listed law firm model. I wouldn't own SHJ either same reasons.

More fundamental point: I don't like to own equities unless I can trust management. So call me stupid but I would pass on owning an equity where I mistrusted management even if "undervalued" unless clear path to change management. Untrustworthy management seem to find ways to disappoint over and over again. Their natural home on the ASX in micro - small cap resources, but can find them any sector.