Partners in wealth creation

Futurewealth Investment

Update on Adapt IT

Clearing up CQS’s supposed profit after tax contribution, as reported in ADI’s results to June 2016. In my previous article on ADI (30 August 2016) I couldn’t make sense of CQS’s supposed profit after tax contribution (PAT) of R33 million as reported in the latest ADI results

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Santova: A share you ought to own

Addendum: I am very sorry, but I have made a mistake in the valuation calculation for Santova. The share is not “worth” R660 million because the R100 million profit after tax in five years time is worth R660 million IN FIVE YEARS TIME. In other words, I forgot

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Great Investment Decisions in 100 words (or less)

The heart of investing is decision- making. The heart of investing is decision- making. Great investing therefore means great decision-making. Decision-making of this kind should be sustainable, which means one or two lucky guesses that turned out well aren’t going to cut it. Some sort of recipe, quantitative,

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Share investing in 100 words (or less)

The beginning of investment wisdom is to understand how businesses generate value… A share is part-ownership in a business. The beginning of investment wisdom is to understand how businesses generate value, and its end is always paying down for it. Companies generate value in two ways. Firstly, they sustainably

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Two questions and one attitude

What I ask and assume before taking any possible investment decision. There are two very important questions I ask, and a particular attitude I assume, before taking any possible investment decision. In the never-ending quest to improve my investment decision-making, I have found these questions valuable heuristics.

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Chicken soup for the investment soul

Practical, wealth-enhancing ideas. Brevity. Clarity. Simplicity. Today is not the day for longwinded, muddle-headed, Hegelian-type explanations. This essay contains a number of practical, wealth-enhancing ideas presented in what I hope is a clear, brief, and easily accessible manner. A great company A great company is one that

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Investment heresy

Wealth-diminishing investment ideas and actions that result from acting on the wrong ideas, represented by the wrong words or phrases.   Human language is almost infinitely malleable, able to express the deepest of human affects with the deftest of literary touches or scaling the heights of human

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What do all the great investors have in common?

The best books I’ve read on investing. They read. A lot! And while most of us will never manage the 300 to 500 pages that Warren Buffett does daily(!), we will do well if we at least increase our information intake by a book or ten a

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The art and science of investing (Part 1)

The art of investment management: know when to strictly follow a model’s guidelines and when to digress from it. In the next few weeks I want to share a number of core ideas with you that informs much of my investment decision-making. I hope you find these

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