If someone came to you tomorrow with R100m to invest in just one company, which would it be?As I am a value investor, that would depend on the price and value of available investment alternatives. With markets at current levels and a lack of value in both equities and fixed income, a single investment of R100m would have to be in a local money market fund.Which talent would you most like to have?Prescience.What was your first job?I worked as an articled clerk at Deloitte Haskins & Sells in 1986.What’s your biggest regret?Regretting anything in the past saps your energy, preventing you from optimising the present and the future. I don’t have regrets.What was your worst investment mistake?My mistakes have generally been associated with failure to acknowledge the concept of "reversion to the mean". In my 20 years of investment experience, there have been very few, if any, companies that have been able to overcome this statistical certainty.What’s the best investment you’ve ever made?Bu...
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