LATEST ON BIZNEWS RADIO: SA’s “stuffed” economy’s three lost years confirmed by Q2 GDP contraction – Kevin Lings shares investing suggestions. (For Spotify link, click here.)
LATEST ON BIZNEWS.COM:
- Corion’s David Bacher: Assessing Peche’s performance fee exposé – and an explanation for why July’s market rebound faded away
- “The industry will get away with what it can…” – Revisiting SA’s ‘out of step’ performance fees with OMBA’s Mark Perchtold
- Property hijacking – and what to do about it
- Hello, hello… police, is there anyone there?
- You could be punished for others’ messages on WhatsApp
- How will Biden respond to the SA Land Expropriation bill?
- Timing the Rand – is it worth the worry?
- NHI: a monopoly the SA government cannot possibly manage
- How Zoom hopes to approach physical offices
- High-growth entrepreneurs show their worth: Local Scale Up continues to flourish
- Ask no more: key investment terms explained
- New UK prime minister Liz Truss’s inheritance: An economy on its knees (Premium)
- BizNews TV gets YouTube Strike – over a year old Ivermectin discussion (Premium)
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Magda Wierzycka‘s autobiography is a ripping read. Just like the lady herself in real life, she takes no prisoners. Magda rips into her former employer Coronation. And Daily Maverick’s behaviour over “Gupta Leaks”. Plus quite a few others, too.
We haven’t yet connected on Sean Peche’s performance fee expose’. But given how her Sygnia broadcasts the impact of overheads on investment returns, and her devotion to low-cost ETFs, it’s likely Sygnia’s founder will be applauding. There’s another clue of where she stands on this in Chapter 10 of Magda: My Journey.
Magda writes: “Many people believe that investment management involves a blend of art and science and that alchemy happens in the lofty offices of those fund managers who make millions and drive fancy sports cars. Nothing could be further from the truth.
“A day in the life of an average fund manager is fairly mundane. Fund managers themselves do not have to build financial models. Most of the time, they read. The day is usually broken by a trip to the gym at lunchtime….” Eisch. Nice work if you can get it, ne’?
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