Globally, consumers respond to companies that meet their need for convenient services. They vote with their feet. Those companies that don’t evolve are left behind and inevitably must retrench staff. Banks are no different and risk ...
What did Warren Buffett and Charlie Munger make me reflect on this year? This was my 20th shareholder meeting and each meeting brings new learnings. But I also keep building on the foundations of the previous years.
Global financials have consistently grown shareholder value over the past decade and are well placed to continue to do so. Yet, the market remains sceptical about this sector, focusing on the troubles of the past rather than the ...
The current market sell-off has all the hallmarks of the cycle of irrational panic that grips emotional investors. I recently came across an article in a local newspaper titled JSE nears worst monthly performance in 10 years.
Every year thousands of people head to Omaha in Nebraska in the United States to attend Berkshire Hathaway’s annual shareholders’ meeting (AGM) – mainly to draw on the investment experience and expertise of 94-year-old Charlie ...
In my August 2014 article I said the Moody’s downgrade was unwarranted and dangerous. ‘Dangerous from a behavioural point of view in that after investors’ African Bank experience, the downgrade could easily trigger a stampede of both ...
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A lot has changed over the past 12 months in terms of sentiment towards financials By June 2016, Russia had invaded Ukraine, the oil price had fallen from $110 to a multi-year low of $25 (US dollars per barrel), and US banks had been ...
The Berkshire Hathaway annual shareholder meetings offer valuable investment lessons The most important lessons I’ve learnt at the meetings can be summarised in the following four points.
Since Donald Trump’s unexpected election as US president in November 2016, US equity markets have been betting on the Trump reflation trade. The thesis was that he would engineer higher growth, resulting in higher inflation and as a ...
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