Piet Viljoen: Investors AWOL so many managers run companies for themselves
Piet Viljoen, top money manager and founder of RECM, linked up with old pal Alec Hogg in this week's episode of Rational Radio to talk about his alma maters Allan Gray and the recently renamed Ninety One (Investec Asset Management). He offers some scathing opinions on Tiger Brands β a company whose shares he has avoided for years β and puts it down to the way corporations are "gaming" the oversight-implications of indexation of investing. Fascinating insights as ever from the forthright value investor who also provides some insights into what might be the real reasons for the massive unbundling of FirstRand shares.
It's really good to be talking to Piet Viljoen from RECM. Nice to have you on the show. Our story goes back to when you started RECM. How long ago is that?
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