ANALYSE THIS: Mergence Investment Managers’ Lulama Qongqo
We analyse investment analyst at Mergence Investment Managers Lulama Qongqo
If someone came to you tomorrow with R100m to invest in just one company, which would it be? Cisco, a tech company in the US. Which talent would you most like to have? Rationality. The fear of being the only wrong person can cause one to follow the crowd blindly. The ability to overcome that psychological discomfort is what separates great investors from mediocre ones. What was your first job? I was self-employed. I sold oranges at age five, handbags at 16 and jewellery at 17. I’ve always dreamt of creating new business ventures. If you could fix one thing in SA today, what would it be? Access to nutrition — the very first challenge many young South Africans encounter from birth. The physiological damage related to insufficient nutrition has lifelong repercussions. What’s the best investment you’ve ever made? Beige Holdings is my best realised investment so far; I bought it at 2c a share and sold it at 3c a share seven months later when it delisted. But 50% upside means nothing when...
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