Premium: Mr Market’s depressed mood is perfect opportunity for rational investors

March 2020 feels like a lifetime ago. It was the last time we were able to take such advantage of Mr Market's obvious depression – then sparked by uncertainty around Covid-19. At that month's BN portfolio update webinar we bought aggressively into Sasol at R28 (now R309); Discovery in the R60s (now R144) and Cloudflare in the $20s (now $93).

The exponentially growing US companies that have served our portfolio so well have taken the brunt of Mr Market's mood swing with their share prices falling sharply of late – and again last night (see above). It's starting to remind me of March 2020. Mr Market is panicking about confusion around Omicron. Plus fresh concerns at rising interest rates.

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