Please Explain, page-57

quite simply they were not as good as they thought they were, and even though i am still in, i thought the latest spin off when i was at their last conf in brisbane i think last year, were spruiking this new spin off in a ALF effective meeting - it made me think - too many hats, who's strategy is then right and wrong, how does it all tie in, and that bloody stupid comment that were a "neutral" fund - somehow saying we couldnt lose whatever happens - self believing BS - should have sold with those kinda thoughts!!!!