CLICK HERE FOR THE LATEST BIZNEWS BUSINESS BRIEFING: Sasol CEO defends using Bain & Co; Oil surges as OPEC relooks production; Rand slumps, JSE’s Resi stocks rise; Sceptics return to Wall Street
Enjoyed the monthly update of the BizNews portfolio yesterday (click here for the recording). After a difficult first six months of 2022, the worst first half for stocks since 1939, prices have rebounded since mid-June, making it easier to answer challenging questions.
___STEADY_PAYWALL___Two things stood out from yesterday’s session: First, investors are rewarded for homework AND resilience. It’s not enough to just pick the right stocks. You need to be able to ignore the noise on current losers and well-intentioned advice to ‘take profits’ on winners.
Second, nobody will ever look after your money as well as you will. Directly investing into equities is the best way to build your knowledge (and wealth) with the bonus that it also opens up a fascinating new world. An interest is sure to reward, provided you stick to Warren Buffett’s Golden Rules – buy with a margin of safety; and ignore the manic-depressive we call Mr Market.
More for you to read today:
- SA still has world’s worst unemployment – IRR. Organisation says govt has to stop locking people out of opportunities with red tape that gets in the way of business.
- Global Economies Flash Warning of Sharp Slowdown. Surveys of purchasing managers point to weakness in manufacturing and services as high prices hit household spending power.
- Dr. Fauci and the Rule of Experts. His long service is laudable, but his Covid legacy includes more public mistrust.
- Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion. Funding arrangement could be first of many such partnerships as U.S. chip giant expands manufacturing, Intel CFO says.
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