Yes @madamswer, we don't know if this is the turning point or...

Yes @madamswer, we don't know if this is the turning point or not. I actually suspect it may take a little longer yet - but it won't change my position (and that's a speculation anyway).

But what I am 85% certain of, is that when things do turn, fund flows will follow. Then it will have the triple whammy of return growth, inflow growth and (likely) performance fees.

I love businesses that have withstood extreme stress testing, and I love buying them whilst they are under stress - even if that means I'm four years too early. Well, lets just say "dem fighting words" are how I console myself...