This update marks 2 full years of operation for EGP Fund No. 1 Pty Ltd as an investment company. Our quarterly update is now available (.pdf) The first three quarters of financial year 2012/13 have been very good for both the benchmark – up 25.88% – and for EGP holders who were up 35.47% after all […]
Monthly Archives: March 2013
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Update No. 105 – 22/03/13
For anyone suspecting the recent market rally is unsupported by fundamentals (earnings) I propose you consider this wonderful graphic representation I found about a fortnight ago: One should always be leery of charts, like statistics, they can sometimes be used to tell any story the author wants. This chart I thinks serves […]
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Update No. 104 – 15/03/13
I had always expected our holding to be quite uncorrelated with the market. As I have mentioned previously, I have been surprised how much more correlated the prices have been than I expected, so I thought I’d look at the correlation in depth. Prior to this week, there has been 103 Updates (generally weekly with […]
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Update No. 103 – 08/03/13
Psychology (primarily MY psychology) is what I thought I’d briefly discuss this week. I self-identify as a value investor, and a value mind-set pervades all aspects of my life. But it is important not to mistake what value is, it can exist in many forms. As the value-investing mentality pertains to stock investments, perhaps the […]
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Update No. 102 – 01/03/13
I mentioned a couple of weeks ago that I would give an update on the valuations of the underlying assets of EGP once reporting season had passed. This week’s offering contains lots of numerical data, and may be more detailed than most might like, but I think it serves my fellow shareholders well to know […]