http://www.economist.com/news/business/21601885-battle-catch-people-golden-hour-they-board-getting-ever-more The Gnostic Capital global portfolio maintains a position in several airport managements companies. These investments are deemed to be core holdings.

The model portfolio is adding shares of Gilead Sciences today. This represents the first NEW large cap purchase for the model portfolio in the second quarter of 2014. I have also purchased shares, today, as a personal investment. http://www.firstwordplus.com/therapy_trends_consensus_outlook_hepatitis_c.do

Passenger and freight throughput at Haikou Meilan Airport have been reported for the first two months of 2014. These figures, when taken at face value, appear to validate an earlier post dated November 10th, 2013. http://www.mlairport.com/autoweb/autoweb/third/mljc_eng_tzzgx631.html

Unless specified otherwise, all prices are quoted in U.S. dollars. ADR Outstanding: 56.1 million Total Liabilities- short term cash and equivalents: $89.0 million. Current Enterprise Value: $2.918 billion. 2012 EBITDA: $225.9 million. 2013 Forecast EBITDA: $248.0 million. 2014 Forecast EBITDA:…

In 2013, the global large cap portfolio generated a net return of 29%. This compares favorably to the MSCI EAFE return of 19.42%. 2013’s return earned by the global account surpassed the DJIA return of 26.5% but was slightly lower…