In my first article in this series about behavioural investment, I looked at some of the cognitive biases and emotional responses that prevent investors from optimising returns from their portfolios over the longer term. I mentioned the cognitive bias of ‘loss aversion’, the human tendency to avoid the possibility of losses today even at the…
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Some Friday inspiration: This week the Daily Maverick published an article called #GuptaLeaks: From cloak and dagger handovers to the Zondo Commission – a hard drive’s journey like no other written by Jessica Bezuidenhout. It recounts the process of revealing the #GuptaLeaks to the South African public and boils down to two people who exposed the…
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The week was one of mixed news and some non-starters. After a lot of trade war rhetoric, the international market reacted in a relatively docile manner; there have still been no decisions regarding Brexit; and the rand gave up some of the week’s gains in the wake of Cyril Ramaphosa’s stimulus package.
There have been a few revelations in the Zondo Commission this week. The Gupta’s have been denied their request to testify by video-link and will be forced to return to SA, Jacob Zuma has said that he is misunderstood and will co-operate with the State Capture Enquiry, and Duduzane Zuma will be allowed to cross-examine…
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The news that South Africa has moved into a technical recession has rattled the rand and the local stock market at an already volatile time. As we survey the market, we find it helpful to look at the circumstances causing the rand to weaken as well as what has happened in other periods of rand…
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