Earnings Growth Drives Share Prices and Dividends: Over time it is the upward trend of earnings per share that drives share prices and dividends. But EPS does not have to grow every year. Isolated short dips followed by later growth can provide excellent buying opportunities.
See the current report here:
Following our approach, provided another successful year for the companies in the Fund and hence for the performance of the Fund with performance in FY23 of 22.90%
We agree with Buffett when he says:
“Whether we’re talking about socks or stocks, I like buying
quality merchandise when it is marked down”
Fund performed extremely well with a performance of 29.94% after expenses and fees, assuming distributions are reinvested.
“…we want to be in the business that, 10 years from now, is earning a whole lot more money than it is now, and that we will still feel good about the prospects of the business at that time. That’s the kind of business … we try and buy part of.” – Warren Buffett
Over the past five years the Fund has outperformed the market by 6.52% per year
“Investing is a patient endeavour, and a time frame of five or more years is recommended.”
The financial year 2018-2019 was a solid 12 months for the Conscious Investor Fund up 10.3%
“what counts most are increases in our normalized per-share earning power.” – Warren Buffett
An investment in the Conscious Investor Fund and held for the year would have grown by 22.08%
“put money into … the businesses [an investor] understands best and that present the least risk, along with the greatest profit potential.” – Warren Buffett
By 30 June 2017 [the Conscious Investor Fundachieved] a compound average annual return of 10.22%
“We evaluate performance by the two methods we apply to the businesses we own. The first test is improvement in earnings, with our making due allowance for industry conditions. The second test, more subjective, is whether their “moats” –a metaphor for the superiorities they possess that make life difficult for their competitors –have widened during the year.” – Warren Buffett
We try to follow Warren Buffett as closely as possible. It is interesting to go back from time to time and look at the methods of other great investors and see how they support Buffett’s principles.
“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now…” – Warren Buffett
| Symbol | Company Name | Date of Report | Download | |
|---|---|---|---|---|
 | MA | Mastercard | 2023-01 | Click Here |
 | ULTA | Ulta Beauty | 2023-01 | Click Here |
 | BRK | Berkshire Hathaway Inc | 2022-12 | Click Here |
 | MIN | Mineral Resources | 2022-12 | Click Here |
 | COST | Costco Wholesale Corp | 2022-10 | Click Here |
 | CSL | CSL Ltd | 2018-06 | Click Here |
 | FPH | Fisher & Paykel Healthcare | 2023-07 | Click Here |
 | CAR | Carsales.com | 2023-04 | Click Here |