Hi @Trina, thanks for sharing the Interview with Hamish Douglass.

In the interview Hamish confirmed that Magellan won’t be changing their strategy or philosophy because of one unusual year. Hamish confirms that Magellan is not trying to track the MSCI index. He stresses that Magellan aims to deliver a minimum return of at least 9% per annum, clear of fees, over the long term with less than 50% of the MSCI downside. Hamish said Magellan has not invested in the businesses that provided outstanding returns this year, but owns incredible structural growth businesses with long runways of growth. He thinks there is a 30% chance of an inflation event that will rock the market next year. He says if this happens ‘hold onto your chairs’. He says this is when investors will thank Magellan for sticking to their conservative investment strategy.

Hamish may have lost a few things over recent months, but IMO he definitely hasn’t lost his Mojo!