@Chella cannot seem to reconcile the fact that they have under...

@Chella cannot seem to reconcile the fact that they have under performed during FY22. that is each month of july, august, september, october to last friday. so even removing the covid period, he hasn't figured out they have under performed, or maybe refuses to accept the facts.

as for the future outlook. this article today is very good at explaining what is happening right now. step aside HD, there is a new hero.

Warnings for tech investors.
https://www. a f r.com/companies/financial-services/year-s-biggest-ipo-has-a-warning-for-tech-and-esg-investors-20211024-p592l9
growth managers should be braced for “classic regime change” in a rising interest rate environment.
natural resources industry is under-investing. It’s the opposite of what is occurring in software companies, where there is a tremendous amount of over-investment.
If we look at valuations in some of these software companies, growth is slowing down and that’s not been incorporated in the valuations.
During COVID-19, companies and consumers invested a lot in technology and that the fund expects the demand slowdown in consumer and social media technology is “going to be greater than a lot of folks are anticipating”.
growth managers were particularly at risk because their investment style can ignore value.
You need adaptability, you need to change or fail.