The week started with news that Chinese authorities had cracked down on Didi Chuxing just days after its NYSE listing. This spooked Chinese tech stocks and I spoke with Anchor’s Henry Biddlecombe about how concerned investors should be. He suggested that more regulation is a good thing and may actually be offering opportunity, adding that great Chinese tech stock are cheaper now than they have been in years.
Often the biggest risk to our investments is actually ourselves and our cognitive biases. I spoke with Dr Gizelle Willows founder of Nudging Financial Behaviour on confirmation bias. This is where we seek out data that supports our beliefs while rejecting anything that contradicts our views. The risks here are real and she offered some ideas on how we can avoid this trap.
Jeff Bezos stepped down as CEO of Amazon on Sunday, 27 years after starting the company. The question for investors is if this is a risk for the company and I spoke with Craig Antonie, CIO of AnBro Capital who hold the stock in their portfolios. Craig is a fan of founder-lead companies and out pointed out the size of Amazon and scale of its various businesses reduces the risk. The new CEO has been with the company since 1997, so knows it well, he added
Disney has been a great investment over the last few decades, and I was keen to find out if it was still worth having a look at. So, I spoke with Gary Booysen of Rand Swiss about the investment case for Disney. Their theme parks are starting to re-open while their streaming services, especially Disney+, are doing very well even as Americans see life return to normal. In short it is a stock Gary loves and he thinks it offers great value at current levels.
Also this week: Commodity supercycle losing steam? Rand Swiss’s Viv Govender on markets as commodity stocks dive and Imperial plans to delist. Stefano Marani, CEO Renergen, talks about the company’s path to profitability and the helium story.