We disposed another two portfolio holdings in the second half of April. Neither of them resulted in an especially wonderful outcome, but they generated a respectable return with very little risk. I was given to think about two favourite characters from my childhood (Statler & Waldorf, the critics/hecklers from The Muppets) when trying to think […]
I committed on Twitter earlier this month to outlining how it came to pass that our net brokerage is a negative number for FY17. I have often said it is our aim to run the most open fund in Australia, so I will outline how we do it.