Update No. 274 – 01/07/16

FY2016 was an excellent year for the fund, at least in comparison to a fairly weak performance from the indices. FY2013 and FY2014 were very strong ones for the Australian market, with a 44.15% 2-year gain. FY2015 and FY2016 have been disappointing, with only a 7.93% 2-year gain. A little extra tailwind would certainly be helpful in generating a larger absolute performance.

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Update No. 271 – 10/06/16

I am a huge fan of logic. Insofar as it is possible, I try to ensure every view I hold stands up to logical argument and well considered reasoning. If a qualitative challenge to any position I hold is presented to me I am among the fastest people I know to change my position. But […]

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