Update No. 29 – 16/10/11

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












EGP 20






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)