Update No. 191 – 28/11/14
Confession time, as promised last week.
- Posted by tony
- On November 28, 2014
- 0 Comments
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Confession time, as promised last week.
A savage 2.74% drop in our benchmark this week. Fortunately, we only felt roughly half that with a 1.38% drop. We dipped into negative territory for the first time since the July 1 beginning of FY2015, but I remain very positive about the long-term prospects of our holdings and convinced value is building like a coiled spring waiting only on the right circumstances to materialise.
I am being chauffeured North by my Wife as I type this to meet some old friends for a weekend of swimming, recreation and golf. I play golf about twice a year, it could be ugly…
I wrote last week about the first of our recently completed sales. I will repeat the exercise & cover another stock we finished selling recently.