I haven’t seen Brett Blundy back a loser. Currently he is selling cattle stations and buying City Chic, now holding 7.3% of the company. I reckon you could do a lot worse than to follow in Brett Blundy’s footsteps! See the excerpt from this mornings AFR article below on The Blundy Effect.

Disc: I haven’t researched City Chic (yet) and I don’t currently hold

(photo from AFR)

”The Blundy effect has finally arrived at womenswear retailer City Chic Collective!

Bombed out and in need of a billionaire buddy, Blundy’s long-awaited arrival on City Chic’s share register sent the shares up 25 per cent during Wednesday’s match and fuelled expectations of more buying in the weeks ahead.

While Blundy’s substantial shareholder notice - revealing he owned a 7.3 per cent stake - sent the shares flying, the smart money had been expecting it for weeks.”