Meet Ricardo Micheals, the newest addition to our SA equity team
At Denker Capital, we believe in the importance of diverse viewpoints, skill sets and ways of thinking to get the best results for our investors. Welcoming a new team member always helps bring fresh perspective and challenges our thinking. Ricardo joined us in September 2020 as an equity analyst focusing on South African companies. With a degree in mechanical engineering, he enjoys applying his technical expertise in analysing businesses in the greatest detail. Ricardo started his investment career in 2008. He joined us from Coronation, where he was an equity analyst in the emerging markets team for six years.
1. What attracted you to a career in financial markets?
I have always had an interest in financial markets and started reading about well-known investors in my late teens. But as circumstances changed, I ended up studying engineering. While this gave me a lot of mathematical and technical expertise, I felt the career opportunities were relatively limited. I always believed that you could translate the knowledge and way of thinking in engineering into a career in finance, especially if you have a CFA® designation. I decided to pivot; and the rest is history.
2. What do you enjoy most about your role as an equity analyst?
That I get to spend a substantial amount of time getting to understand a business and its competitive advantage, before doing a bottom-up analysis to ultimately determine an intrinsic value for the business. This process and searching for new ideas are what I enjoy the most. Constantly learning about new businesses ensures you are never bored.
3. What do you find most challenging about your role as an equity analyst?
Overcoming your own biases when analysing a business can be very hard. First, you have to recognise these biases, and then focus on improving your decision-making process so that the chances of your biases influencing your decisions become less probable. Being part of a team with different viewpoints helps with this.
4. How have you experienced working as part of the Denker Capital team so far?
It’s been a great experience so far. The team is small, open-minded and intellectually curious with a passion for investments. The investment philosophy and culture of Denker Capital is also a good fit for me.
5. If you had not become an equity analyst, are there any other careers that have always interested you?
My passion has always been investments, but I studied mechanical engineering and with that you acquire a certain amount of technical expertise. If I had not become an equity analyst, I would’ve probably pursued an engineering career.
6. On a personal level, what do you enjoy doing outside of work?
Spending quality time with those who matter most to me and staying physically and mentally healthy to de-stress. I also enjoy getting stuck into a book (physical or audible) and catching up on some good TV shows to relax.
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