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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.

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April 2022

 

Reports for prior periods

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2020 – 2021

Fund performed extremely well with a performance of 29.94% after expenses and fees, assuming distributions are reinvested.

2019 – 2020

“…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

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2018 – 2019

“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%

2017 – 2018

“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%

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2016 – 2017

“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%

2015 – 2016

“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

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2014 – 2015

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.

2013 – 2014

“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

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February to July 2013

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December 2021

December 2020

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December 2019

December 2018

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December 2017

December 2016

 

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December 2015

December 2014

 

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December 2013

 SymbolCompany NameDate of ReportDownload
BRKBerkshire Hathaway Inc2017-01Click Here
ULTAUlta Beauty2018-01Click Here
MINMineral Resources2018-01Click Here
SBUXStarbucks2018-11Click Here
MAMastercard2019-04Click Here
FPHFisher & Paykel Healthcare2018-04Click Here
CARCarsales.com2017-06Click Here
CSLCSL Ltd2018-06Click Here
COSTCostco Wholesale Corp2016-06Click Here