ANALYSE THIS: Sanlam Investment's Patrice Rassou
We analyse Patrice Rassou, head of equities at Sanlam Investment Management.
If someone came to you tomorrow with R100m to invest in just one company, which would it be?
Amazon. CEO Jeff Bezos is redefining the world of retail and has created a company that is now bigger than the traditional leading US retailers combined.
Which talent would you most like to have?
Tolerance. Great men like Nelson Mandela or Martin Luther King taught it. In the investment world tolerance for pain is also a virtue.
What was your first job?
My first vacation job was with an accounting firm. I learnt to make coffee and photocopies.
If you could turn back time, what would you change in your life?
I would have loved to study in the US — I could then have mused about ending up in the right start-up!
What’s the best investment you’ve ever made?
Investing in myself. I chose to study for a master’s degree and an MBA, which I think helped my professional career. And investing in my own personal library.
Apple or Samsung? Blackberry.
What was your last purchase? I bought a mattress — shares in Steinhoff International (owner of Mattress Firm).
How much was your first pay cheque and what did you do with it?
R250 — after paying for transport and lunch, I needed to borrow money to buy work clothes.
What’s your favourite song?
"What Do You Mean?" by Justin Bieber.
What travel experience is on your bucket list?
Visiting Machu Picchu and the Inca trail in Peru. But I’m gutted — my sister has posted all the nice pics on Facebook already.
Name a place you’ve been to that lived up to the hype.
The Piazza del Campo in Siena, Tuscany, when it hosted the Palio horse race; the atmosphere was electric.
What is your most treasured possession?
My family — my wife and three sons — they vary from expensive to priceless.
On what occasion do you lie?
When I tell myself I am too tired to exercise.