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24/02/20
11:48
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Originally posted by peejay2
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Your initial sentence may be true. But given the number of funds Geoff is associated with in his own name, I’m sure, he doesn’t want the bad press from ALF rubbing off on his other successful funds. Remember that mud sticks ! Defending results back in 2009 ? Lord give me strength !!!! Does that mean in your own investing success that you will have underperformed for the last 10 years, but still proud of your success back in 2009 ? The difference is, that you haven’t been charging others for poorly managing their money over that period. Let’s call a spade a spade or an effing shovel, but let’s not gloss over what has been a poor investment for holders, bad judgement by the fund managers, a lucrative wages and commission making exercise for an incompetent CIO, and SH effectively as David Kingston says “locked in an ALF cage”. I don’t know what the eventual outcome will be, but please ? Let me out of the cage and set me free !
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From start of GFC till now ALF has similar(slightly less)overall returns when div’s and cap returns are counted to Wilson’s funds. It all depends on when you buy. If you don’t like the position you’re in then selling is a couple of clicks away, but I’m buying.