2014 EOFY: Income Portfolio gets sporting chance

After taking remedial action in response to a poor showing in the second half of last year, the Income Portfolio is back on track.

‘Wesco continues to try more to profit from always remembering the obvious than from grasping the esoteric. … It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying, “It’s the strong swimmers who drown.” Charlie Munger in Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger.

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