Test

-

Test

Comments

Post a Comment

Popular posts from this blog

How I Avoided A 30% Decline in JSE Retail Shares

-
Image
Update on 29 March 2020 From the initially recommended levels:  MRP declined by 65% to it's recent low. MSM declined by 85% to it's recent low. _________________________________________________________________________________ If there’s one thing that is a constant in financial markets, is that emotions have and will always be a huge driver of prices. That being said, the patriarch of value investing, Ben Graham, once said, “In the short run the market is a voting machine, but in the long run it is a weighing machine.” While companies are run by management teams that are highly competent and businesses display quality characteristics, share prices are often bid up to levels that are unsustainable, creating significant downside risk to those who buy at lofty (sometimes very) levels. One sector of the South African equity market that I have managed to avoid and most importantly protect capital has been the JSE retail sector. During March 2018, at the p...
Read more

Hits & Misses 2018

-
Image
How does an individual who earns his or her living from financial services and/or the financial markets maintain complete humility when they feel they have done well or out-performed? When a plumber, doctor, dentist or IT professional expresses that he or she has the ability to do a good job the reaction expressed is somewhat different than the sometimes "who-does-he-or-she-think-he-is?" reaction a financial services professional receives.  It's on that note I start this brief piece called "Hits & Misses 2018" - an attempt to highlight ( through the calls made ) how my think and analysis has developed, why I believe 2018 was a very good year, as well as where I failed. If you are reading this we most likely follow each other on Twitter or are connected on Linkedin or you may have otherwise come across my post online. The ideas highlighted form part of my roll as an researcher/analyst at a Johannesburg-based retail stockbroker where I am responsible f...
Read more