In this short piece, you can expect to find an explanation of what populism is, its economic drivers and consequences, as well as its increasingly dominant role on the international stage….
Monthly Archives: May 2020
Afrimat: A High-Quality Acquirer.
Afrimat is a BEE-certified company specialising in mid-tier open pit mining. It produces industrial and construction materials (like limestone, various bricks and cement) and as of 2016, iron ore. At the time of writing, its shares are trading at R24.8/share…
African Rainbow Capital Investments: A Growth bet at a Deep Value price (Part 2)
This is the second of a long, three-part article. Here is the first. If you are interested and looking to invest into ARC, we recommend reading the whole thing. Should you be pressed for time, you can skim the bold sections and you will get the gist of it all. If your interest is merely cursory or a fleeting thought, then we would recommend the “Explain Like I’m Five” section of the summary above.
African Rainbow Capital Investments: A Growth bet at a Deep Value price (Part 1).
ARC Investments is a holding company trading at a very significant discount to the sum of its parts. It offers access to high-growth potential subsidiaries (Rain and TymeBank), as well as very quality companies (Afrimat and Alexander Forbes) all well below their intrinsic value (shares trade at approximately 50-70% discount to NAV)…
Mohnish Pabrai – Nothing new under the sun.
The year is circa 935 BC and The Teacher lifts his gristly hand to reach for his quill once again. Dabbing it in the inkwell, he traces it across the page with the well-hewn motions of a man altogether weary of such practice. There is nothing new under the sun he writes, careful not toContinue reading “Mohnish Pabrai – Nothing new under the sun.”
Book Review – Thinking, Fast and Slow (D. Kahneman)
Kahneman’s Thinking Fast And Slow shows you how two systems in your brain are constantly fighting over control of your behaviour and actions, and teaches you the many ways in which this leads to errors in memory, judgment and decisions, and what you can do about it.
Cartrack: A potential 10-bagger?
Cartrack is a wonderful company (low debt, cash generative, strong growth) with a wide moat (data, switching costs), a predictable income (subscription based) and excellent management (high ROIC) who have skin in the game (80% insider ownership)…
First Note: Welcome to Vineyard Holdings
South Africa is today what America was during the gold rush of the 19th century: A veritable gold mine for enterprising individuals with a penchant for the unknown. We have a country littered with opportunity for those willing to turn over the rocks and scrummage through the dust.
Vineyard Holdings 