Allan Gray: Why distraction is the enemy of investing

I have no empirical evidence. But my gut-feel is  were you to ask the smartest young people in South Africa to name their preferred corporate employer, right now Allan Gray, Glencore and Discovery would be at or near the top of the list. Of the three, I’ve had the longest relationship with Allan Gray, first … Read more

The flourishing members of business’s “second chance at life” club

Some months back, Business Day’s editor Peter Bruce asked whether I’d like to contribute to his fine newspaper. Back then it wasn’t possible because of my restraint of trade. But that ended in July, so my first column for Business Day appeared this week. Called Undictated it appears every Monday – one more reason to start your … Read more

Allan Gray, Gijima AST and The Law of Unintended Consequences

Just as well that before entering the birth canal, none of us know the hand we’ll be dealt. Some have the good fortune to find themselves surrounded by wealth, others are conceived by paupers. But no matter how one starts out, when it ends all we really possess is our reputation.

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