MFG Fair Value, page-127

The only way to arrest the decline if for the flagship fund to do better than its benchmark net of fees.

I said it before, its a new year, the beginning of a new milestone, and if Magellan can get ahead of the benchmark in 2022 then it will calm existing unit holders. If current investors see improvement they will be inclined to stay, as there is no point retrospectively punishing the fund just because of poor prior performance. St James didnt leave because returns were poor, they left because they lost faith. Think about it, if you invested in a fund that lost 30%, but felt the coming years would offer returns above 100%, you would still remain invested in the fund.

This is one of my biggest mistakes I've made. Didn't put a lot of money into it, but bought just below $39 and averaged down again around $33.
I want to exit this investment but not yet. The price has been torpedoed and I genuinely believe a good start for the flagship fund can rally the SP. I think MFG has a rally in it & can avoid the fate of Platinum. But the idea this will be a $100 stock are over.