I'm not trying to express my emotional side; I'm simply trying...

I'm not trying to express my emotional side; I'm simply trying not to be obtuse. I figure one of the best ways to remove the gambling element out of the market is paying attention to information! Otherwise, given spreads and transaction costs, it's probably cheaper to go to the horses.

Challenger is a popular company, sure, with management who have previously been successful. But does that really matter? Really? If I had an excess $1B, I wouldn't be buying a financial services company. Currently, I would be buying distressed real assets - factories, infrastructure, companies that do stuff and actually add value, rather than ones that suckle on the teat of others. Financial services, moreover, have almost no barriers to entry. Coin a snazzy name, get some fandangle economist or successful business names behind you, and bob's your uncle. Thus why pay a premium? Yields equal, imho, you'd be crazy to move on Challenger when there's so much opportunity elsewhere.