Money Matters
Money Matters : Latest Posts
10 March 2010 00:59
Monday morning fly-half
Lessons from sportspeople for fund managers.
JOHANNESBURG - Whilst watching rugby on TV with some friends recently, I was reminded of the similarity between investing and sport. Mistakes made by sportspeople and fund managers are always easy for outsiders to spot whilst their successes are more difficult to appreciate. Both groups operate in highly visible environments where it is difficult to hide if you are not performing. In addition, they compete with equally talented people and therefore the difference between success and failure often comes down to tiny differences. Ultimately, there are only a few greats in either field and their success is often due to a stronger mental approach than their competitors. Given these similarities, can we apply lessons from sportspeople to fund managers?
Sport and investing: w...
24 February 2010 00:09
Career advice you didn’t get at school
Warren Ingram lists the ingredients for a successful career.
JOHANNESBURG - After more than a decade of advising retired people on their investments I have always been surprised at how dissimilar the successful people are and how difficult it would have been to predict their success at the start of their careers. People who never finished school have retired comfortably at 55 after a great career while there are many retirees who would be expected to succeed (eg, doctors or lawyers) but have retired relatively poor and dissatisfied. Given my constant exposure to retirees, I have been privileged to gain some insight into how people have achieved success over extended careers.
The secret to a successful career is simply complicated
Here are some of the ingredients that contribute to a successful career. In this instance "career...
10 February 2010 00:17
Trader or long term investor
Does a longer term view really pay off?
JOHANNESBURG - One of the great debates in the investment industry is around the benefits of long-term investing vs short-term trading. In the one camp you have investors like Warren Buffett as one of the champion long termers and George Soros in the opposing camp. The track record of successful long-term investors cannot be ignored, however the argument in favour of traders is far more intuitive and more easily understood by outsiders. This is especially true AFTER a market crash when people wonder how long-term investors remained invested when the markets were so obviously overvalued.
Investing is a mystery not a puzzle
My current favourite author is Malcolm Gladwell who wrote "Tipping Point" and "Outliers" (both can be purchased from the Moneyweb Shop by <...
Money Matters : Recent Posts
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