The world is changing fast and to keep up you need local knowledge with global context.
LATEST ON BIZNEWS RADIO (on iTunes): Meet Dr Jackie Stone, the ‘rogue’ doctor being punished for eradicating Covid-19 in Zimbabwe (Click here for Spotify)
LATEST ON BizNews.com:
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- Eskom – We pay the price for a 66% bloated and overpaid staff compliment that should have been retrenched
- Piketty won’t help SA conserve its existing wealth and generate more
- Merafe: Buy, hold or sell?
- No light at the end of the tunnel
- Elon Musk looks to give Iran access to Starlink, South Africa’s out of luck
- MAILBOX: Should we be taking John Biccard’s advice?
- Stand together in the call for coalitions
- Urgent rethinking of Unlawful Entering of Premises Bill needed
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- Keep the Koeberg experiment simple
- Public health deterioration despite increased funding not a positive indicator for proposed NHI
- ‘A nation can be judged by the way its animals are treated’ – Gandhi
- Big Pharma unscathed by debunked chemical imbalance depression theory
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- Australia increases its skilled visa quotas. Here’s how to apply
- Hybrid cars could be the way to go
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- Ancel Keys, cholesterol con artist, how do you plead? Prof Noakes on Mr Cholesterol’s scientific deception
- Energy-efficient, cost-effective Ethereum update is driving prices up
- Stocks are divorced from the economy but won’t be forever (Premium)
- Usually reliable source says Mbeki to re-take reins as ANC boss in December (Premium)
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Much of my 2016 book on How to invest like Warren Buffett is timeless. Mostly because it draws on shareholder letters and comments at AGMs by the Oubaas of Omaha. A lot of it is deeply embedded into my memory.
Including one which I pull out up often: Buffett’s advice on how to create a sustainable, winning business. Sheer genius: “Every day, in countless ways, the competitive position of each of our businesses grows either weaker or stronger. If we are delighting customers, eliminating unnecessary costs and improving our products and services, we gain strength. But if we treat customers with indifference or tolerate bloat, our businesses will wither.
“On a daily basis, the effects of our actions are imperceptible; cumulatively, though, their consequences are enormous. When our long-term position improves as a result of these unnoticeable actions, we describe the phenomenon as ‘widening the moat’.
“Doing that is essential if we are to have the kind of business we want in a decade or two from now. We always hope to earn more money in the short term. But when short-term and long-term conflict, widening the moat must take precedence.” Note to self: get that silk-screened and prominently displayed as a permanent reminder.
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Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.