The past month has seen both my personal portfolio and my ASX sharemarket game portfolio surge. First, I would like to update my personal one before moving on to the game. My portfolio has seen a rapid surge in value in the past month solely due to one stock, Sirtex Medical (ASX: SRX). Unfortunately, i wasn't able to attend the 2014 annual AGM, however a recording will be put up on the website soon. I'd like to see if something was mentioned there which I've missed out on, maybe a dosage sales update or something of the sort. Contrastingly, most of my other stocks have remained relatively idol and my weightings haven't changed.
In terms of the ASX sharemarket game, I've also seen a rapid appreciation in market value. Mostly driven by Sirtex, TPG and more recently, NextDC. The portfolio also consists of a large cash holding. With the game coming to an end very soon, it is unlikely i will do anything with the cash surplus.
In other news, Sirtex's rapid appreciation also saw me rank third in the 2014 Bell Direct Stock Challenge. I've also begun reading a great book called Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors written by Wesley Gray and Tobias Carlisle. Mr Gray is someone i hadn't heard of prior however, Tobias is a somewhat familiar name. Tobias is a well-known deep value investor who is originally from Australia but operates a investment management firm in America. The book is highly recommended but a word of warning is that the book has a "text-book" feel to it albeit, it blends academic research and how it can relate to investment management nicely. Moreover, i also get the vibe that the book in isolation, would take many years to write. This is because it seems that it articulates many years of research into a neat book. Once again, highly recommended.
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