I don’t need to remind readers of my penchant for investment companies, especially when practically all these counters are trading at such hefty discounts to intrinsic NAV.
Long-term acquaintances will argue that this predilection stems from my poor record of picking my own portfolio of operating companies. That might well be true (but watch Capital Appreciation, you cynical wits!). I do also take huge comfort that I can buy assets that I am familiar with and hold in high regard for a knockdown price...
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.