Update No. 37 – 11/12/11

I’m in Washington DC at the moment, it’s 11pm & I’ve just returned from watching the Washington Capitals defeat the Toronto Maple Leafs 4-2 in a fascinating game of NHL Ice-Hockey.  After a Capital player scored a hat-trick and all the fans around the stadium threw their hats (I suspect retail value of almost US$10,000) onto the ice (presumably to be collected and thrown away), I considered investigating a sports cap manufacturer for an investment… I’ll keep you posted.  In all seriousness though, the funds figures are updated below and for your weekly reading, I can recommend this article which is a transcription of an old speech given by Warren Buffett about the extraordinary variability of the stock-market in relation to some simple underlying fundamentals that should easily guide us as to the appropriateness of the markets valuation at any given time – Tony Hansen 11/12/11.

EGP Fund No. 1 Pty Ltd. Down by 6.41%, leading the benchmark by 0.20% since July 1^st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 1.45%, leading the benchmark by 11.81% all-time (April 1^st 2011).