Monthly Archives: January 2014

Update No. 148 – 01/02/14

This week I thought I’d revisit a pair of posts made back on the original blog before the fund launched and before the website was created. The two part post was transcribed to the website here (part 1) and here (part 2). Revisiting your mistakes is important and in part 1 I had described QBE […]

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Update No. 147 – 25/01/14

In early May 2012, I talked about the ‘stock-pickers quandary’, whereby one need to consider ‘franchise’ valuation and long term earnings potential. I would like to revisit that today, because I think it serves as a useful example of how powerful the ‘franchise’ value is. In the intervening 20 month period (I will ignore currency, […]

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Update No. 146 – 18/01/14

Only 7 weeks ago, I mentioned US housing starts had not lived up to my base expectations of 1 million+ in 2013. With the publication of the November figures (.pdf), however, it was looking like I’d be correct, with the annualised rate spiking to 1,091,000 starts. With the release of the December figures, 1 million […]

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Update No. 145 – 11/01/14 & (FAQ’s)

We received our Audit this week (.pdf), confirming the issue price (of $1.60232) for shareholders adding to their holdings and new shareholders. We were fortunate in a week where the market declined by 0.7% to rise by approximately 0.4% to a new all-time high of $1.61239. I find myself answering a range of questions frequently, […]

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