Proposal to merge with PM Capital Global Opportunities Fund, page-7

every year there are a couple of single shares l buy that go arse up loose 30-40% of the value.

l tend to focus on these couple but forget the others. at the end of the day, month, year l measure the performance of my stuff to the index.

I find that the shares l was focused on seems to make stuff all difference to the return against the index.

if this was a large holding and had gone this far think l would focus on the NTA not the share price. if it was a holder under 5% of portfolio and it was not making much difference to portfolio maybe l would slowly reduce.

at the end of the day these guys are charging a truck load in fees at 1.5%...

dunno, every situation is different