Boardroom Talk: There was number-crunching aplenty ahead of yesterday’s Big Portfolio Restructure

Had my head down these past few days preparing for yesterday's portfolio update webinar. That required brushing up on investment basics, unpacking the recent insights we received from SA's best money managers, running fresh intrinsic values and, generally, crunching lots of numbers ahead of the portfolio's restructure – its first in almost eight years..Warren Buffett's advice about the average holding period of a stock ("forever") still prevails, but so does his rider that when fundamentals change, so should your approach to co-ownership of companies. And that there has been. Hence yesterday's significant actions of selling some old favourites; and switching into some (hopefully) new ones..If you missed yesterday's live webinar, not to worry. There is a recording embedded into the Premium section on BizNews. It's a subscriber-only event, so webinar recordings are not openly available on the BizNews TV channel on YouTube. So to access, you'll need to use your membership credentials to log into the Premium section on BizNews.com..___STEADY_PAYWALL___.Should you have mislaid them, click here for the Premium login page. And if you have forgotten your username, in 99% of the cases it will be the email address where you receive this missive. As for the password – click here to action a re-set..PS. Sorry – I made a blapse by adding the Vanguard Value ETF onto the Shyft portfolio in yesterday's webinar. The ETF will only be on the Shyft platform in mid-October. For the moment, best to keep the cash in reserve..More for you to read today: .Phala Phala: History is repeating itself – John Steenhuisen. DA leader says it's not one or the other; the president must cooperate with both law enforcement AND Parliament. Bank of England Inflation Fight and Truss Tax Cuts Are at Odds, Worrying Investors. The British pound has tumbled as the central bank tries to tame prices at the same time the new prime minister's policies could stimulate demand. The Market Still Isn't Priced for a Proper Recession. Markets are doing what they always do, hoping against hope that there's no recession, or at least a very mild one, right up to the last minute.Ukraine's New Offensive Threatens Moscow's Control of Lands It Seeks to Annex. Wrecked Russian armor and corpses of Russian troops line the roads in northern Donetsk as Ukraine pushes deeper into Donbas. .Which FAANG stocks are worth keeping? – Fireside chat with Stafford MasieIn this fireside chat with former Google exec and technology expert Stafford Masie, he shares his life story – escaping unfortunate circumstances and finding his way to Israel, where he began his journey in computer science, upcoming technologies which are likely to change the world, quantum computing, crypto and which FAANG companies have a promising future..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can assist –support@biznews.com.

Boardroom Talk: There was number-crunching aplenty ahead of yesterday’s Big Portfolio Restructure

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