David Shapiro on dumping Aspen, turbulent markets and Stellenbosch Mafia
In the country's latest bestseller, author Pieter du Toit tracks the first public mention of "The Stellenbosch Mafia" back to a decade and a half back when David Shapiro used the reference in one of our interviews. But as SA's favourite market commentator used it in a benign, almost admiring way β a far cry from the unlamented ex-Bell Pottinger inspired campaign which painted them as a malignant force of greedy Hoggenheimers. On Rational Radio this week Shapiro offers his perspectives on the Stellenbosch-based billionaires, what is causing renewed volatility in global investment markets β and why long-suffering Aspen shareholders should now dump the stock. β Alec Hogg
David Shapiro joins us now. Well Dave it's been a very interesting week on markets. Just to help understand a little bit. This volatility, one day the Dow dropped 300 plus points. Next day the Dow rises 300 plus points. I know I am talking about America but it affects the rest of the world. What's going on?
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