If you don’t know the jewellery, know the jeweller. – Anon
An earnest MBA student once asked me for the secret to choosing the right interest rate to use in a discounted cash flow model. He was clearly agonising over this question. I wished I’d answered, "It’s always the humans!" Instead, I smiled politely and thought to myself, that’s not the right question. Yes, investing is a maths exercise. Price sensitivity is crucial. But because we’re looking into the future and trusting people to make good decisions on our behalf, we absolutely have to choose the right people and cultures...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.