Monthly Archives: July 2012

Update No. 70 – 29/07/12

I spend, as I expect most investment professionals do, a lot of time reading and thinking about International Economic policy and its likely consequences.  Coming as I do from Australia, a country that has been 21 years without a year of negative growth, it would be easy for participants from our country to be lulled […]

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Update No. 69 – 22/07/12

Regular readers will know I make a habit of following the US Housing Starts as an important global economic indicator, for despite the rise of China, it is still the case that when the US hums, the globe will be in generally good economic shape (provided Europe doesn’t choke it…). The key reason for my […]

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Update No. 68 – 15/07/12

Our ambitions to grow our holdings in some companies we already hold and to build a couple of positions in new companies we like are being thwarted somewhat by the reluctance of other owners in these businesses to sell to us at prices we are willing to pay… I have said before, patience in your […]

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Update No. 67 – 08/07/12

The fund jumped out of the blocks like Usain Bolt in this the first week of Financial Year 2013.  We are already up 3.73% after a couple of stocks we own made solid starts to the year.  The figure is all the more impressive when you consider the fact that we are nearly 30% in […]

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