The earlier days of HML remind me of Bitcoin mania. Spruikers...

The earlier days of HML remind me of Bitcoin mania. Spruikers aside just for a moment, you forget there were major factors leading to all the Hype.

HML was posting giant NTA increases every second week. Coupled with incredibly ballsy Market calls and market cometary that seemed to be on the money every single time. Market calls that no other fund manager was daring to make. Stuart successfully predicting the outcome of Trump, Brexit, the French Election, and many others.

This then fed into the tale of Stuarts Legendary performance of doing 650% return over a 3-year period or whatever it was. These stats were referenced in the PDS.

Than factor in HML outperforming every LIC and ETF on the entire ASX in 2017:
http://www.etfwatch.com.au/blog/2017-financial-year-etf-and-lic-performance-table

Then there is the BHD IPO. They actually scale-back and refund investors’ money saying they were oversubscribed. This reinforces in peoples mind how Hot these guys are right now.

BHD IPOs and out of the gate goes bonkers. Those that were involved in the IPO who also got the free 1-1 options doing like 20% + on Day 1 !

Then HML releases an announcement within the first few hours of trading that the NTA is already up like 2-3% or something… I can’t remember the exact number.

HML does 130% in 2017 and even more for those that were involved in the options.

All this leading to giant Hype. I certainly believed it and was wrapped up in it. I honestly thought Stuart was for real. Anyway, here we are.