ANALYSE THIS: PSG Wealth’s Ricus Reeders
We analyse Ricus Reeders, portfolio manager at PSG Wealth Sandton
If someone came to you tomorrow with R100m to invest in just one company, which would it be?
That question calls for a one-in-a-million decision, but then again author Terry Pratchett wrote that million-to-one chances work nine times out of 10, so if that is the case I would choose investment trust Scottish Mortgage. Its philosophy is based on the principle that it’s far worse to miss out on an opportunity than it is to make a mistake here and there when buying into a company. It has been doing this for 110 years and in that period had to reduce its dividend only once — during the Great Depression, in 1933...