Formed by a cadre of like-minded investment analysts in 1968, the Investment Analysts Society of SA (IAS) has evolved significantly. Reaching the ripe age of 50 is quite an achievement, as most of the other investment analyst societies around the world have either folded up or been absorbed into the US-headquartered Chartered Financial Analyst (CFA) Society. At a function to commemorate the society’s 50th anniversary, a number of speakers — including me as the current chair —reminisced about the first few decades of the organisation, and deputy chair Lungile Malinga gave her vision of how the IAS is likely to evolve in the future. Malinga reminded the audience of the objectives of the IAS, which are to improve the general quality of investment analysis and analytical techniques; establish and maintain professional standards in the investment sphere; and foster the interchange of ideas among those concerned with investment matters, with a view to solve common problems. Pivotal in all...

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