Generally, I would agree.
But you are talking about ~80% of managers that can't match the benchmark over the long term. It's not just isolated to Magellan.
People still pay for it... even when the odds are f......
I would have thought the active funds management industry would be annihilated by now.... but it still stands. It's slowly deteriorating, but it's still charging ridiculous fees and getting away with it.
Truth is... people don't like statistics. They like flashy managers talking like they know something... which they don't... but we like to think they do...
Magellan still has a lot of capital to pivot into a lot of things, like it's successful investment (I think so anyway) in barrenjoey.
Generally, I would agree.But you are talking about ~80% of...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.42 |
Change
-0.140(1.64%) |
Mkt cap ! $1.521B | |||
| Open | High | Low | Value | Volume |
| $8.52 | $8.53 | $8.34 | $4.998M | 594.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2816 | $8.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.43 | 162 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |