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4min chapter
Gary Channon (Phoenix Asset Management) - Experiments In Value Investing
Far From The Finishing Post
Putting People Off Redeeming Your Money
We've always wanted to be good in looking after investors. Gooding likeanount investors is firstly, get the right people on board by telling them how bad it could be. And i got better and better at really trying to put people off. Infact, if you look at my record, i've got the inversion of that, 90 ten. In terms of psychological security, knowing that you don't fear redemptions and what will happen. There's something i think we do quite well, which is, if you buy a pound for 50 p and it goes down to 25 p, everybody can understand that. Here we'll wot. You double up. We're
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