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Updates

8 Mar 2010 - The NAV for Feb 2010 was $1021.194, up 0.7% from January.

25 Feb 2010 - Charlie Munger recently wrote a commentary on Slate. It's titled "Basically It's Over: A parable about how one nation came to financial ruin.". It's pretty obvious which country he's referring to. A very sobering reminder that things have not been fixed and the eventual consequences of not doing so. This parable reminds me of the The Great Financial Scandal of 2003 which he wrote in 2001 . His prediction was startlingly true. We can only hope it doesn't pan out in this instance.

Peter Boone and Simon Johnson are just as gloomy in this article titled The Doomsday Cycle.

5 Feb 2010 - The NAV for Jan 2010 was $1013.732, down 0.4% from the previous month.

2 Feb 2010 - The 2009 year end report has been posted. John Hussman has also written an excellent article on financial reforms.

14 Jan 2010 - The year end NAV was 1017.895. Monthly NAV figures can be found here.


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