Vol. September 2023 – Long-Term Capital Fund Newsletter
“I love volatility. The market was down dramatically one year, and the Taco Bell stock went from US$14 to US$1, and they had no company debt. I started buying at US$7 and kept at it as it went to US$1. It was the largest position in the Magellan Fund. Six years later, Pepsi took it private at US$42 per share.” – Peter Lynch, who compounded the Fidelity Magellan fund at 29.2% p.a. from 1977 to 1990.
Vol. 3Q24 – Pivotal Moments await both in China and the US – 3Q 2024.
The Chinese Government followed through in October by systematically announcing a suite of policies to repair local governments’ balance sheets, stabilize the housing market and boost consumer confidence.
Vol. Oct 2024 – Long-Term Capital Fund Factsheet.
The Fund aims to deliver a steady combination of long-term capital growth and income by investing globally in a range of asset classes.
