ANCHOR GROUP
In a more innocent age, a young man seeking fortune and adventure would set himself up as a privateer. The basic plan was to acquire a warship and as rough a crew as your nose could cope with, then toddle off to the Caribbean, intercept passing treasure ships and rapidly become as wealthy as the great Sir Henry Morgan, who was considerably more fiery in life than the rather insipid rum that bears his name today. Now, in our less robust era, even the most imaginative of career advisers is unlikely to suggest this as an option, and the modern equivalent is to set up a niche financial services operation. The crew is handier with a financial model and a sales pitch than with the traditional grappling irons and a rusty cutlass, but the dedication to plunder remains the same, and there’s no doubt that it’s an attractive business model, as even the most cursory glance at the wallets of those who launched the good ships Investec, RMB and Allan Gray will show. The Anchor G...
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.