A short update this week as I’m travelling, don’t worry, nowhere luxurious, I’m in Cooma as I write. Because I haven’t the time to write anything interesting myself, I will refer you to someone else’s work, which in any case is a thousand times more insightful than my weekly observations.
I refer to this article, which is a transcript of a speech given by Charlie Munger in 2003 on ‘Academic Economics’. Like almost all Munger speeches, it drifts into multi-disciplinary learning, which I believe is one of the most valuable (and under-considered) concepts around.
I hope you enjoy the article as much as I do, if you do, you should consider laying your hands on a copy of Poor Charlie’s Almanac, which expands further on the ideas – Tony Hansen 16/10/11.
|
|
April 1st 2011 |
July 1st 2011 |
Current Price |
Current Period |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.08396 |
1.01730 |
(-6.15%) |
1.73% |
|
35632.05 |
34200.68 |
31729.47 |
(-7.23%) |
(-10.95%) |
|
|
EGP 20 |
1000.00 |
883.67 |
836.67 |
(-5.32%) |
(-16.33%) |
EGP Fund No. 1 Pty Ltd. Down by 6.15%, leading the benchmark by 1.08% since July 1st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 1.73%, leading the benchmark by 12.68% all-time (April 1st 2011).
EGP 20. The EGP20 index is Down by 5.32%, leading the benchmark by 1.89% since July 1st. Since inception the EGP20 is Down by 16.33%, lagging the benchmark by 5.38% all-time (since April 1st 2011).
S&PASX200TR The benchmark index is Down by 7.23% since July 1st. The benchmark is Down 10.95% all-time (since April 1st 2011)
