Be a Better Investor: Recent Episodes
Moneyweb Radio
Moneyweb editor Ryk van Niekerk hosts the weekly 'Be a Better Investor' podcast to give both amateur and established retail investors a peek at how professional investors invest. He chats to professional investors about their experiences in selecting potential investments, as well as how successful these processes have been. They discuss their biggest hits and misses and other topics, which may offer a few golden nuggets for listeners ... to become better investors.
Malungelo Zilimbola, founder and CEO of Mazi Asset Management, warns young investors against chasing stock tips and quick profits, arguing that today’s culture of speculation risks confusing investing with betting.
Ninety One’s George Cheveley says central bank buying, US fiscal strain and resilient margins could extend the gold rally.
This idea of 'earning a dividend cheque while you slept' and having something to replace your income became quite appealing to me and a pretty big part of my investment strategy’ – Craig Antonie, chief investment officer of AnBro Capital Investments.
My philosophy is to invest when markets are dislocated, because companies might face challenges but whole industries won’t disappear forever: Patrice Rassou of Ashburton Investments.
Investment strategies that led to a 1 600% return on Nvidia for Ziyaad Sarang of Revego Fund Managers and Investec.
Erik Nel of Terebinth Capital shows how you can reach your destiny through avid reading and working towards it.
Varshan Maharaj from Allan Gray has a lot of intellectual curiosity and reckons participating in markets is a stimulating ‘contest of ideas’.
‘And alternative investments provide access to risk-and-return sources you wouldn't ordinarily get through traditional portfolios’ – Equilibrium CIO Kamini Naidoo.
Company valuations drew her from the outset, so after a great deal of study, Derinia Mathura found herself a young professional managing the Melville Douglas Global Equity Fund.
You might become a portfolio manager at Sanlam Private Wealth – after trying your hand as a casino dealer, English teacher, lecturer and film producer. Thato Mashigo tells us his story.
In investments you learn that you need to make logical decisions and stay away from the emotive things, says the deputy chief investment officer for alternative investments at Alexforbes Investments.
'Accumulating those small margins is how you become successful and build up a good track record and good return for yourself': Richo Venter, Inn8 Invest’s head of portfolio management.
Malawi-born Kondi Nkosi progressed from doing ‘business studies’ at school in then Bophuthatswana to being Country Head at Schroders SA today.
If my first ‘went to four cents, I sold it. When it came back to two cents, I bought it again.’ That' s how then teenager and now CIO at Sasfin Asset Managers, Arno Lawrenz, started.
Two decades later, after turning his back on an art degree, he looks back on the UCT Investors Club as a fantastic starting ground for exposure to investments.
It’s 'utter nonsense’ that you as the retail investor mustn't even try your hand at it. It’s not rocket science. But it does offer only one ‘free lunch’.
Saneliswile Tofile’s career progressed from investing with friends to becoming deputy CIO and a portfolio manager at All Weather Capital.
‘I think in particular when you're looking at young people, they've got to have a good, long time horizon,
and over time will get the returns that they are expecting’ – Kenny Rabson, Discovery Invest CEO.
‘Ultimately, if you don't have a good grasp or understanding of the risk, you're setting yourself up for failure.’
'Being part of farm life, you plant, you wait for the season, and then when the produce comes you get your returns': Fannuel Tigere – Balondolozi Investment Services.
Try to focus your investing on things that you understand and give yourself a time horizon, advises - Asanda Notshe from Mazi Asset management.
The best investment ever for the CIO of Sukha & Associates, has been her RA, which has ‘compounded and compounded and compounded’ untouched over the years.
Investing is ‘not a piece of paper or a light on a screen. You're actually a business owner’: Grant Nader – Benguela Global.
While the Sunday Times share pages fascinated him at around age 10, today, it is analysis and research that get him out of bed in the mornings.
‘I've stuck with my principle in my stockbroking accounts or investment accounts that whatever is generated in there stays in there’: Craig Pheiffer, chief investment strategist at Sasfin Wealth.
Play to your strengths, figure out the aspects that you are better at, and try to use those to a greater degree than the things that you're weak at – Keith McLachlan of Integral Asset Management.
It's been 23 years since the first index fund was launched, and Fikile Mbhokota says she's always held the view that it's better to hold a basket of shares instead of just one.
Get rid of debt and, after your bond is paid, invest and save that amount: Abdul Davids – Camissa Asset Management.
Charl de Villiers from Ashburton Investments talks about his 'roundabout journey' from initially studying engineering to becoming an investment professional.
The founder and CIO of Makwe Fund Managers shares his insights into investing and lessons gleaned over the years, remarking that ‘you don’t need to be an investment professional to invest’.
Nkareng Siwale, MD and founder of RainDance Asset Management, on her journey to becoming an investment professional, and the lessons learned along the way.
‘One simple rule of thumb is to always consider whether you should be doing the exact opposite of what you feel like doing.’
Two initial personal heavy investment losses failed to deter Aeon founder and CIO from a career in managing other people's money.
Begin by dipping your toes in the market and don't follow the hype or what's trending on social media – Isabella Mnisi, sector head of asset management and funds at Rand Merchant Bank.
Brian Thomas, director and portfolio manager at Laurium Capital, shares his stock market wisdom.
‘With long-only you've a blunt hammer in your toolbox...whereas in a hedge fund you've a whole array of tools’: OysterCatcher founder and CEO.
‘If you want to buy because you think somebody else will be greedier than you, you really have to hope that they're a bigger fool than you are’: Madalet Sessions – Denker Capital.
‘You can see a time when the equivalent of ChatGPT takes market dynamics, interprets them and invests your money’ – Hywel George, Old Mutual.
‘Investing for me is much more the understanding of money, and the respect for money. That I think is often where most people get it wrong’: Kagisho Mahura – Gradidge-Mahura Investments.
Iain Power, CIO at Truffle Asset Management, on 'learning money' the importance of ignoring the noise, and more.
Investors need to wrap their heads around the fact that expecting dramatic positive outcomes over shorter time horizons comes with a lot of risk of getting things wrong: Foord Asset Management investment professional Linda Eedes.
Langa Manqele’s story demonstrates that long-term investing is probably easier and more profitable for new investors than high-risk speculation.
Momentum CIO Mike Adsetts talks diversification, maximised growth and his alternative approach to retirement savings.
Lonwabo Maqubela of Perpetua Investment Managers talks his investment style and offers advice on how to minimise losses.
‘The small and mid cap space … remains for me the most exciting area of the market’: Vanessa van Vuuren – Sanlam Investment Management.
Patrick Mathidi of Aluwani Capital Partners shares his investment insights and lessons since his Diagonal Street days.
Omri Thomas of ABAX investments offers advice to young investors who would like to get a foothold in markets and build long-term wealth.
The one decision I made myself was the worst decision in my 33 years as an investor: Jeanette Marais, CEO of Momentum Metropolitan Management.
Fairtrees's Jacobus Lacock talks the move from economics to the asset management industry, his worst-ever trade and why Dimension Data was his first buy.
AlexForbes's CIO chats her first stock pick, how to spot a fad and the biggest mistakes retail investors should avoid.
The managing partner of Cartesian Capital says a lot of platforms allow one to invest with very little money.
Petri Redelinhuys’s mantra is to let other people who are better at specific things than you are do what they're best at, while you focus on other things: Petri Redelinghuys – Herenya Capital Advisors.
MoneywebNOW's host is the interviewee in this episode of Be a Better Investor. He explains when his love for investing started and how he picks his top stocks.
'It took me about 15 years to figure out that there's only one Buffett and that's Mr Buffet, and the rest of us have to invest in a way that suits your own personality': RECM CEO Jan van Niekerk.
First Avenue Investment Management's founder and CIO offers insight into his investment journey and explains why he made it his career.
John Biccard of Ninety One explains his long-term investing philosophy, citing his experiences with Impala, Tiger Brands and Cashbuild in particular.
Cannon Asset Managers's CIO Tshepo Modiba talks his biggest investment wins and mistakes and how he picks his shares.
There are two kinds of money: bread-and-butter money and the yacht-and-caviar money – Viv Govender, wealth specialist at Rand Swiss.
‘The more you read, each day you are learning a little more – and I think it's very important to do that kind of reading. You learn about companies as well’: Investment rockstar David Shapiro – deputy chair, Sasfin.
‘If you had to ask me to give one word of advice to all investors, it would be diversification...The worst thing that a tiny investor could do is put all their savings into just one counter’: Dr Michael Jordaan, former FNB CEO.
Amateur retail investors in SA stocks which big asset managers ignore ‘simply do not have the...capacity to cover the near-100 stocks...in the small to midcap universe’: Small Talk Daily analyst Anthony Clark.
‘Look for great companies to hold for the long term, but at the same time look for companies where something strange is going on …’: Jean Pierre Verster, Protea Asset Management.
‘Capitec [is] a good example of an excellent investment, bought for all the right reasons, held for the right reasons, and then sold because of a technicality’: Keith McLachlan of Integral Asset Managers.
'If you've going to put together a portfolio, try to keep it quite narrow,' says Sanlam's Nick Kunze.
‘You need to make up your own mind around whether what the market is seeing is correct, or the opposite. Sometimes it's very difficult’: Craig Gradidge of Gradidge Mahura.
If you are a long-term investor and want to buy something and hold it for at least three to five years, ‘trade ideas’ offers a good spot to start getting involved: Chantal Marx from FNB Private Wealth
The platform has revolutionised the industry by allowing fractional ownership. You don't need to buy one share. You can buy fractions of it. ‘For me investing is a team sport,’ says CEO Charles Savage.
Chief investment officer Dr Andrew Dittberner says, ‘if you're going to panic, you need to be the first to panic – and that’s the Steinhoff story’.
Protea Asset Management CEO Jean Pierre Verster describes how his company uses both a fundamental and a quantitative approach, which he has termed a ‘quantimental’ investment process.
Private equity looks for businesses generating free cashflow, and uses financial engineering to optimise returns in the business; venture capital is about building something which doesn't exist and turning it into something compelling’: Llewellyn Claasen from Newtown Partners
And why – Hannes van den Berg, co-head of SA Equity & Multi-Asset within the 4Factor team at the asset manager explains.
‘I do believe that our companies from a valuation perspective – even despite those shorter-term risks – are for the longer term in a good position’: CIO Sonja Saunderson from Momentum Investments.
‘We think SA equities are very compelling right now, and it's a big change in view compared to where we were three years ago, five years ago’ says the Coronation CIO.
Allan Gray CIO Duncan Artus talks equities, Reg 28, cryptos, the Naspers/ Prosus share swop and why the money manager doesn't offer a flexible fund.
‘Marriott is all about helping investors build income streams for when they decide to retire, and ... for a source of income from their investments,’ Duggan Matthews CIO, Marriott Investment Managers.
Marriott Asset Managers still considers a five-year SA bond a very low-risk investment, giving substantially better returns than money sitting in a bank account: CIO Duggan Mathews.
Moneyweb editor Ryk van Niekerk hosts the weekly 'Be a Better Investor' podcast to give both amateur and established retail investors a peek at how professional investors invest. He chats to professional investors about their experiences in selecting potential investments, as well as how successful these processes have been. They discuss their biggest hits and misses and other topics, which may offer a few golden nuggets for listeners ... to become better investors.
Moneyweb editor Ryk van Niekerk hosts the weekly 'Be a Better Investor' podcast to give both amateur and established retail investors a peek at how professional investors invest. He chats to professional investors about their experiences in selecting potential investments, as well as how successful these processes have been. They discuss their biggest hits and misses and other topics, which may offer a few golden nuggets for listeners ... to become better investors.
‘There are certainly signs of things we experienced in 1999/2000, when we had the IT bubble,’ posits Alwyn van der Merwe from Sanlam Private Wealth.
CIO Samantha Steyn says 2020 has been ‘not a year we want to remember or relive,' while focusing on the Hummingbird and SuperDogs funds.
Victoria Reavers - Managing Director , Morningstar Investment Management in South Africa
Moneyweb editor Ryk van Niekerk hosts the weekly 'Be a Better Investor' podcast to give both amateur and established retail investors a peek at how professional investors invest. He chats to professional investors about their experiences in selecting potential investments, as well as how successful these processes have been. They discuss their biggest hits and misses and other topics, which may offer a few golden nuggets for listeners ... to become better investors.
‘Over the last four years...we've been negative on SA companies’: Danesh Ranchhod from Franklin Templeton Investments.
Moneyweb editor Ryk van Niekerk hosts the weekly 'Be a Better Investor' podcast to give both amateur and established retail investors a peek at how professional investors invest. He chats to professional investors about their experiences in selecting potential investments, as well as how successful these processes have been. They discuss their biggest hits and misses and other topics, which may offer a few golden nuggets for listeners ... to become better investors.
‘We wanted to give the investor the opportunity to invest in these kinds of companies, thus, both these funds were born’ – Sygnia Asset Management's Rian Brand
‘If you take stock of the changes over the last almost 12 months they have been significant and the market does, of course, represent when those positive changes are made’: James Turp – Absa Asset Management
Hlelo Giyose of First Avenue Investments provides insight to America’s record-low unemployment, buoyant consumerism and its pursuit to bump China to second spot.
Singapore-based Guy Shirtliff of Foord discusses how the rise of global populism will impact investment markets.
This week’s discussion with Steven Nathan of 10X Investments includes carnage in the mid-cap sector, the benefits of investing in the top 60 and SA’s high investment fees.
‘I think what we’re seeing at the moment is unsettling for investors but it’s a very healthy correction, a very badly needed correction’ – Tony Bell, Vunani Fund Managers.
Alistair MacDonald - vice president and institutional portfolio manager - Franklin Templeton emerging markets
SA assets, equities are starting to look interesting again and SA government bonds I’d venture are an interesting place to go: Adrian Saville.
SA assets, equities are starting to look interesting again and SA government bonds I’d venture are an interesting place to go: Adrian Saville.
We’re...just taking a step back and looking at underlying valuations and fundamentals of asset classes and companies - even more so than worrying about Trump or Brexit: Philipp Wörz, Portfolio Manager at PSG
From a growth perspective, it seems we’re now into an upward-trending business cycle, which would be quite positive for equities going forward: Shoaib Vayej of Afena Capital.
RECM likes to buy assets cheaply and assets only really get cheap when sentiment turns negative.
There’s a lot more interest in underlying companies in the market: Delphine Govender – co-owner and CIO, Perpetua Investment Managers.
South Africa is being accepted as an important player in emerging markets – Matthew Auerbach, Capricorn Fund Managers.
‘You have to diversify your assets, regardless of what’s going on in this country’ – John Harman – Rosebank Wealth Group
What we’re trying to do - and this is what most investors should be doing when your environment is as uncertain as it is now - is buy quality.
One of the key issues you don’t want in any economy is collusion between business and government – Joseph Busha, MD of JM Busha Investments.
Truffle fund manager and a part owner Jonathan du Toit: the interest rate hiking cycle is done. We may get an interest rate cut in the middle of next year or maybe earlier.
David Shapiro on BAT, Anglo, Billiton, Richemont, Steinhoff, CapCo, Mediclinic, bond yields, Aveng, strikes and the rand.
RECM avoids forecasting at all times and being able to forecast or think they are able to forecast gives one a false sense of security – Piet Viljoen – chairman, RECM.
RECM avoids forecasting at all times and being able to forecast or think they are able to forecast gives one a false sense of security – Piet Viljoen – chairman, RECM.
Adrian Saville, chief strategist at Citadel, shares his insights on how the current economic environment feeds a contrarian strategy.
Tshepo Modiba of Seriti Asset Management calls for calm in the face of the storm. Plus, offshore stocks Seriti is keen on.
How will volatility and uncertainty in the market since Brexit affect investor’s and how uncertain do the end implications of Brexit seem at the moment. - Tshepo Modiba - CIO, Seriti Asset Management
‘We have built a position in bonds over the last eight months.’ – Paul Bosman, portfolio manager at PSG Asset Management
'But you’ve got to have the risk appetite and timeframe to endure short-term volatility' Nadir Thokan – investment strategist – 27four Investment Managers.
"We look at shares from a bottom-up perspective and try not to forecast the rand too much because it creates havoc in the fund." - Feroz Basa.
SA is going to remain a very interesting market - Donna Oosthuyse, director of capital markets at the JSE.
Coronation Fund Managers CIO Karl Leinberger on the rand, offshore investing, foreign investor movements and institutional outflow.
‘We seem to be entering a period where things will be a little more choppy and volatile’ - Rhynhardt Roodt – Fund Manager - Investec.
High volatility in the investment environment: People don’t know how to value assets securely, there’s a lot of uncertainty - Vanessa van Vuuren, fund manager of Sanlam Small Cap Fund.
CIO Terence Craig on the market, the somewhat-turnaround in resources, contrarian investing, stock picks, and Element Investment Managers' fund strategy.
‘We've moved into more of a positioning of local orientation’ – Tony Bell – chief investment officer, Vunani Fund Managers.
‘We haven’t changed our stripes through this period, and we are not about to do that now‘ – Andrew Dittberner – CIO, Cannon Asset Managers.
‘If you are looking just at the equity market, I think on average you are going to struggle to beat inflation’ – Anthea Gardner – Cartesian Capital.
'Some companies have persisted and persevered... Find those, invest in those and hold those,' Hlelo Giyose - First Avenue Investment.
Fatima Vawda, MD of 27four Investment Managers, on investing in a volatile environment.
Opportunity in the high level of mispricing within the market - Delphine Govender, CIO and one of the founders of Perpetua Investment Managers.
'Investors should use volatility to their benefit'- Kyle Hulett, head of multi asset class, Argon Asset Management
‘Our ambition is to become the largest asset management firm on the continent’ Tshepo Modiba – CIO, Seriti Asset Management.
Businesses that will survive are those with consistent performance: Joseph Busha, JM BUSHA Investment Group.
"Investors must find companies who create their own growth trajectory through M&A or cost cutting...companies who are just hanging around are not good enough."
Why David Shapiro prefers the US and European stocks above the UK’s, and why he sold out of Mr Price.
"Offshore investments are not only to protect against the rand, there are also far better businesses outside SA than inside."
We take a very long-term call on [a company's] investment case... sometimes the short-term PE can be very deceiving' - Vanessa van Vuuren - Fund Manager, Sanlam Small Cap Fund.
Iain Power of Truffle Asset Management: we’ve been consistently reducing equity exposure over the last 18, 24 months as we’ve seen less value in our market.
Devin Shutte of MyWealth Investments: ‘I think we will see some moderate strength come back to the rand as soon as this year.’
Sumesh Chetty of Investec: we’ve been focusing on opportunities that give us the best cash underpin....
"We are very flexible in our approach, we are not dogmatic, and we believe there is more than one way to make money." - JP Verster
Rob Spanjaard of Rezco Asset Management on why China shook investors' faith, US interest rates, commodities and protecting clients.
Anthea Gardner provides her stock picks and what to expect for the last few remaining months of the year.
Shaun le Roux, fund manager - PSG Equity Fund: if we find [mispriced] good businesses going through tough times ...it speaks well for long-term returns for our investors.
Gary Booysen shares some insight on strategies for investors during these volatile times.
‘Just focusing on value is not enough these days’ - Hywel George - director of investments, Old Mutual
Pieter Fourie, head of global equities, Sanlam Private Investments on China, Greece and market volatility.
Herman van Velze, head of balanced funds, Stanlib, on becoming more defensive, and his views on Naspers and risk aversion.
Willem de Vos, CEO of Autus Fund Managers: if we buy and own the right assets then our clients will be fine.
"We’re at the low end of our historical equity exposure in most of our asset allocation funds."
Believes producers must cut back or go out of business - Bruce Williamson, Chief Investment Officer at Imara