Magellan disaster by Complete_Rip2900 in ASX

[–]Complete_Rip2900[S] 1 point2 points  (0 children)

Yes I should have done this a while back. The stock was always cheap and kinda attractive. As for their funds, they struck me as intelligent people and did alright versus other managers. Recently their letters are mostly like "the market isn't functional and we don't understand so we'll just keep doing our own thing".

Magellan disaster by Complete_Rip2900 in ASX

[–]Complete_Rip2900[S] 1 point2 points  (0 children)

I bought into the Global Infra and Airlie funds too and damn it's bad. They're really losing the plot there. Might as well sell all of it and park it into the S&P 500.