Monthly Archives: August 2012

Update No. 74 – 24/08/12

Investors are deferring consumption now, for the hope of being able to consume more in the future.  In my view, the best description of what we are truly trying to achieve that I have heard comes (unsurprisingly) from Warren Buffett, who described investing as follows: "the transfer to others of purchasing power now with the […]

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Update No. 73 – 17/08/12

I mentioned last week that 2 of our 10 holdings were expected to report this week; the only holding of the fund I have mentioned by name in the blog previously is Maxitrans (MXI), a builder of truck bodies and seller of related parts we have owned since the funds inception.I mentioned the holding here […]

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Update No. 72 – 10/08/12

There are a variety of cognitive biases a successful investor must overcome.  A great many of these biases are inherent in your thinking, every person is predisposed more to some than others.  Further, I believe everyone is somewhat cognisant that biases exist (even within themselves), but have a look through this extensive Wikipedia list of […]

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Update No. 71 – 03/08/12

I deliberately try to keep my writings free from Politics, obviously Economics, Politics and the markets have intrinsic ties, but I like to think that because we live in the lucky country, we tend to prosper whichever party holds power, often, seemingly in-spite of the behaviour of our ‘leaders’.  Other countries seem to face similar […]

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