Karl’s explanation sounded “reasonable”..............but are the...

Karl’s explanation sounded “reasonable”..............but are the results of their stock picking and management style reasonable ?   And the longer term results ?
i know Karl and his team have skin in the game, and good intentions..... but when you come to sell (as we all must at some stage), the dividends received is not going to compensate for a $20k loss !!!
overall, a worse than expected result both over a shorter AND longer term period.
After all, one can understand short term events affecting prices relatively short term, but even the longer term results for CDM are now severely compromised.
Down by the lift, up by the stairs....