What to do about the Rand?

Introduction This blog discusses the reasons for the volatility in the Rand and what the ordinary person can do to protect herself from the impact of a weakening Rand. Why has the Rand been so volatile? The South African Rand has experienced much volatility over the [...]

2018-08-27T11:52:17+00:00 August 27th, 2018|

Lunar BCI Worldwide Flexible Fund Two-Year Review

View PDF Two Years On On 1 June 2018, we celebrated two years since the launch of the Lunar BCI Worldwide Flexible Fund. We are proud of our performance of 8.27% (after costs and fees and including distributions) for the two years to 31 May 2018. This [...]

2018-06-14T10:32:11+00:00 June 14th, 2018|

Hubris

Hubris Investors are faced with a multitude of risks in any investment decision that they take. With the recent results from Famous Brands, Mediclinic, Taste Holdings and also not so recently Woolies and Old Mutual; one can’t help wondering if executive hubris* is not one of the [...]

2018-05-28T09:43:43+00:00 May 28th, 2018|

The Land Question?

In my opinion, the Land Question in South Africa raises a broader issue. It is the question of retribution for the crimes of colonialism and Apartheid. The Black Economic Empowerment policies attempted to address these issues but these have fallen short of meaningful empowerment of the previously [...]

2018-03-22T10:34:16+00:00 March 22nd, 2018|

Goals Conceded, Saved, Missed and Scored

In a football league, the team that becomes the champion at the end of the season is the team with the most points¹. Three points are awarded for winning a game, one for a draw and zero for losing. A game is won by scoring more [...]

2018-02-19T07:14:49+00:00 February 19th, 2018|

Lunar BCI Worldwide Flexible Fund End of Year 2017 Report

Market Overview The calendar year 2017 was another roller-coaster year for the investment markets in South Africa and globally. Some of the more significant events include: Ratings agencies downgraded South African sovereign debt to junk status, citing political and economic risks facing the country; Serious allegations [...]

2018-01-16T09:28:18+00:00 January 16th, 2018|

Delaying Gratification

Delayed Gratification In the world today, you can get most of what you want from a simple click: Want to eat? Click. Want a cab? Click. Want a book to read? Click. Want to know which of your friends are going to be in Johannesburg over [...]

2017-11-28T09:11:08+00:00 November 28th, 2017|

Thinking about my biggest investing mistakes

Shhh.. As the Naspers (NPN) share price keeps on powering ahead, I can’t help thinking why did I ever sell the Naspers I bought for my wife’s portfolio a few years back (Shhh.. please don’t tell her). In 2010, I bought some Naspers for my wife’s account [...]

2017-10-16T12:13:51+00:00 October 12th, 2017|