Nhlanhla

Bloem SME redux

Nhlanhla

Digging deeper into Rob Smorfitt’s blog about racist SME conference in Bloem

On Wednesday, I published a blog by Dr Rob Smorfitt where he took a swing at the incompetent organisers of an event he drove hundreds of kilometres to attend. Nhlanhla Damoyi (pictured) suggested on my Facebook page that the blog left him with more questions than answers. So he posed them. Here they are – with Rob Smorfitt’s response.

Read moreBloem SME redux

Marius Kloppers 72dpi

Short iron ore, coal

Marius Kloppers 72dpi

Deciphering BHP CEO: Short Kumba, Exxarro, ARM as iron ore prices “mean revert”

 

BHPBilliton CEO Marius Kloppers had bad news for some base metal prices at his AGM this morning. He reckons the China-driven boom for iron ore and coal prices is over. After the inflation of the past decade, prices are reverting to a lower mean. I have cut away the verbiage to help make his message easier to understand. It’s clear: get out of shares like Kumba, Exxarro, ARM and even steel-maker Mittal.

Read moreShort iron ore, coal

simon raubenheimer

Allan Gray’s picks

simon raubenheimer

Allan Gray explains why it bought the 10 shares that account for half its portfolio

 

In the 1980s I spent many hours inputting the individual holdings of unit trusts. Knowing what professionals are buying is invaluable info for small investors. This piece from SA’s hottest asset manager, Allan Gray, explains its thinking on the Top 10 holdings which between them account of 57% of AG’s total share investment.

Read moreAllan Gray’s picks

Rob Smorfitt

Racist SME conference

Rob Smorfitt

Bloem SME conference waste of time – incompetent speakers selected by race

Had tea with Dr Rob Smorfitt this morning. Wonderful mind, intellectually honest and a natural business disruptor. He’s a serial entrepreneur turned academic who focuses on Small and Medium Enterprises. Rob believes in telling the truth as this brutally honest blog about a recent SME conference attests.

Read moreRacist SME conference

rikeshweb

Rikesh Parthab

rikeshweb

Entrepreneurship lessons: An example of how starting early, self-discipline works

An inspiring story of a young Durbanite that provides key lessons in entrepreneurship for everyone. Rikesh Parthab’s passion for business was nurtured early on, encouraging him to make the sacrifices that created a springboard for today’s sizeable operation. I’ve got the feeling we’ll be hearing a lot more about this young man.

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Steve

Steve Jobs Bio – Part Two: True brilliance was in sweating the small stuff

Steve

Baruch Lurie was spot on. In a comment posted beneath my first review he said the Steve Jobs book started slowly. But from page 150 he was “totally engulfed.” Ditto for me. If those first few chapters were a titbit, the next couple hundred pages have been like Sunday’s roast after a long walk and no breakfast. Hard to keep myself in check.
The deeper I delved, though, the more Isaacson’s work reminding me of The Snowball, Alice Schroeder’s biography about Warren Buffett.

Read moreSteve Jobs Bio – Part Two: True brilliance was in sweating the small stuff

Steve book

Steve Jobs Bio – Part One: Slow unravelling of a flawed genius

Steve bookSome books are meant to be savoured. Consumed slowly. Every page cherished. Enjoyed at leisure.
For me, Walter Isaacson’s long awaited biography on Apple’s co-founder Steve Jobs is one such book. It’s like that last juicy mouthful, kept one side as an incentive to clear the bedside table of half-read orphans.
These past few days proved it has been worth the wait.
To prolong the experience, I’ll also be treating my book review differently. Instead of flashing through the pages and scribbling random thoughts at the end, this will be a review in instalments. Revisited after digesting chunks of around 150 pages at a time – so four “reviews” in all. Here’s the first.

Read moreSteve Jobs Bio – Part One: Slow unravelling of a flawed genius

Garth Griffin

Maybe Absa’s troubles have only started

Garth Griffin

UPDATE NOVEMBER 2012: At the time this article was written, Absa’s share price had dropped in a week from R157 to R135. The setback wasn’t temporary. In five months since the price has remained at the lower level, marking time. At the end of August, Absa’s parent Barclays appointed Antony Jenkins as its new CEO. He has spent his first few months grappling with a group-wide review of Barclays, focusing on how to change its culture and strategy.

Read moreMaybe Absa’s troubles have only started