Monthly Archives: October 2014

Update No. 186 – 24/10/14

The whole foundation of Eternal Growth Partners was based on my view that industry fee structures didn’t properly align the interests of the Fund Manager with the investor. In these pages I frequently pillory the funds management industry for using clients as a revenue source, rather than providing a valuable service and earning a fee. Although as a default, I generally prefer negative reinforcement, this week I will be a little new school and try on a little positive reinforcement.

Update No. 184 – 10/10/14

Inefficiencies exist in virtually all markets. I have said before in these pages that EMH (Efficient Market Hypothesis) is approximately right and getting more correct with each passing year. In the information age in which we live, pricing inefficiencies tend to be corrected fairly quickly.

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