On SA and free trade (another cheeky academic-esque look).

In light of the government’s recent 30-page document titled, “Reconstruction, Growth And Transformation: Building a New, Inclusive Economy” – a lengthy treatise which essentially amounts to nationalisation and mandatory use of pension funds to prop up state-owned investments – I believe the government to be progressing steadily towards a socialist state weighed down by protectionism and isolationist policies…

Alaris Holdings: A case study on intelligent international expansion.

Alaris is a Radio Frequency (RF) oriented company which designs, manufactures, and supplies defence and specialised antennas. It has historically been underfollowed and under-priced by the market and has undergone a period of acquisitional and organic growth over the past 6 years which has not been accounted for by the market…

Stadio Holdings: Strong growth prospects in an undersupplied sector.

Stadio (JSE:SDO) is an investment holding company containing a collection of private higher education institutions. It listed on the JSE 3 years ago and has since outperformed every target management has set for it…

Book Review – Fooled by Randomness (N. Taleb)

Fooled By Randomness explains how luck, uncertainty, probability, human error, risk, and decision-making work together to influence our actions, set against the backdrop of business and specifically, investing, to uncover how much bigger the role of chance in our lives is, than we usually make it out to be….

ISA Holdings: The investment thesis and a case study on mental models and factoring for ignorance.

At the current price level, ISA Holdings provides the opportunity for a very lopsided bet on a cash generative company with an excellent managerial track record, growing dividends, and solid industry headwinds…

Book Review – The Education of a Value Investor (G. Spier)

In One Sentence: The Education of a Value Investor is the story of how Guy Spier turned away from his greedy, morally corrupted investment banking environment and into a true value investor by modeling his work and life after Warren Buffett and his value investing approach (source). Recommended Summary: Lifeclub.org has a fantastic – ifContinue reading “Book Review – The Education of a Value Investor (G. Spier)”

Zuma, Julius and Trump: The rise of macroeconomic populism in South Africa (a cheeky academic-esque look).

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….

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.