Our share markets reminded participants the last few weeks that the steady, consistent gains of the last 12 months won’t necessarily always come that way. The Friday closing price of our benchmark dipped below the 30 June 2014 closing price for the first time in FY2015.
Monthly Archives: September 2014
The primary reason I tend to almost never invest in mining businesses is the lack of pricing power they have for their commodity.
Our invitation to invest e-mail went out this week. Any readers who would like to receive the invitation should contact me by e-mail.
Our FY2014 performance letter mentioned that we had begun acquiring some stock of businesses listed on Australia’s second tier exchange the National Stock Exchange of Australia.