In Update No. 144, exactly 12 months and 52 updates ago, I explained what a waste of time predictions and forecasts were. Naturally, I then went on to give my two predictions for 2014. I will today check how they fared.
Monthly Archives: December 2014
This week is a shortened one for the market due to the Christmas and Boxing Day public holidays on the 25th & 26th. I will keep the update similarly short. The details are below and I hope you find some time to spend with the important people in your life over the next few days […]
We eliminated another two holdings this week as I seek to get our number of holdings down to a more appropriate level. We hold shares in 26 businesses after these eliminations; I still view that as too many for a properly focused fund running a small pool of capital. I will continue to focus on ensuring the largest proportion of our capital is focused primarily on the greatest risk/reward opportunities.
We completed the final sale of a stock we have held since inception and finished selling on 27 November.
You know what hasn’t been discussed enough in the Australian business media the last few weeks? The Medibank Private IPO. Better add my two cents…