Time is the ultimate resource
ANALYSE THIS: AlphaWealth’s Keith McLachlan
We analyse Keith McLachlan, fund manager at AlphaWealth. Which talent would you most like to possess? While I can already play a bit of guitar, I’ve always thought that the height of music is when the musician becomes the instrument. Thus, I would like to be able to sing. What is the worst investment mistake you’ve made? I started investing while at varsity. Back then, I got emotionally involved in a share. I put increasing amounts of my capital into this single stock and, in the end, it became pretty much my portfolio. While I never lost much on it, it did teach me the value of good portfolio construction and managing concentrated risk (avoiding it). If someone came to you tomorrow with R100m to invest in just one company, which would it be? First, I would not do this. (See my answer above — I could not in good conscience repeat this mistake.) That said, assuming the person had no immediate income requirements, a long time horizon and already had a bigger, diversified portfolio els...
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