Reality Check, page-2

I understand your comments, but if I was honest - it sounded like this:

Sure they expanded the amount of capital taken in at the float - because they are greedy SOBs.

Sure they deployed all that capital without regard, treating it like Monopoly money.

Sure they have been feeding everyone that value is out of favour tag line since floating to justify their losing positions.

But it's just a punt - so deal with it.

Yes, the above is facetious to an extent.

From memory, the many brokers plugging this god send LIC were not holding it up to be a bit of a punt. Rather, it was the manager with the extraordinary record and awards to boot.

Yes, the small print does often state the risks - just not the advertising blitz and payments to the brokerage firms and investments houses flogging it.

Anyway, let's hope it gets back to the purchase price - so whingers like me can go away - and punters can continue to make money off this fund.

P.S. I am happy for anyone to pay me millions of dollars for me to invest in low PE stocks - and I will duly send out an update every month stating the rotation into value stocks is coming...

Yours truly,

One of the unlucky ones who invested at the float.