Investment School: Monopoly stocks and how the concentration of large shares crowds out diversification.

Stephen Grootes speaks to Makwe Masilela, founder and CIO of Makwe Fund Managers and Asanda Notshe, Chief Investment Officer at Mazi Asset Management about the growing concentration of the JSE in a small number of large companies and what this means for investors. With market-cap-weighted indices g…

Investment School: What makes a successful asset manager over the long term? 

Stephen Grootes speaks to Darryl Moodley, CEO of Sanlam Investments Multi-Manager, and Dr Musa Malwandla, Co-CIO of Differential Capital, about what makes an asset manager successful over the long term and how investors should choose who manages their money. They unpack what investors should look f…

Investment School: Dividend Yield vs Dividend Payout: What the difference means for your investment returns

Motheo Khoaripe speaks to Grant Nader, Portfolio Manager at Benguela Global Fund Managers, and Gary Booysen, Portfolio Manager and Director at Rand Swiss, about the difference between dividend yield and dividend payout ratio and what these measures tell investors about an income stock. A high divid…

Investment School: Can investing ever be truly ethical and systematic at the same time?

Stephen Grootes speaks to Dr William Wright, Lead Data Scientist at Differential Capital and Sifiso Skenjana, Managing Director of ESG Analytics about how quantitative investing is reshaping ESG and responsible investing, the challenges of translating ethical considerations into investment models, …

Investment School: The Difference between quality and value investing

Stephen Grootes speaks to Grant Nader, Portfolio Manager at Benguela Global Fund Managers, and Wayne McCurrie about the difference between quality and value investing, two distinct approaches to selecting shares. They look at what investors are actually buying with each strategy, how quality busine…

nvestment School: The importance of portfolio construction and risk management

Stephen Grootes speaks to Jaynesh Bhana, Business Development Manager at Mazi Asset Management, Viv Govender, Portfolio Manager at Rand Swiss, about why portfolio construction and risk management remain the foundations of successful investing. The recent collapse of the US-based Situational Awarene…

Investment School: How are stock prices determined?

Stephen Grootes speaks to Gary Booysen, portfolio manager and director at Rand Swiss and Makwe Masilela, founder and CIO of Makwe Fund Managers, about how stock prices are determined and why two companies operating in the same sector, and often doing very similar things, can end up with vastly diff…

Investment School: Algorithms, AI and the future of markets

Stephen Grootes speaks to Feroz Basa, Head of Global Emerging Markets at Sanlam Investments and Viv Govender, Portfolio Manager at Rand Swiss, about how financial markets have been transformed over the past two decades by the rise of algorithmic trading, hedge funds, passive investing and, more rec…

Investment School: How do the best investors in the world decide how much to bet?

Stephen Grootes speaks to Dr William Wright, Lead Data Scientist at Differential Capital about how the world’s best investors decide how much to bet, why position sizing matters as much as stock picking, and the practical lessons individual investors can take from professional fund managers on capi…

RInvestment School: Why your investment strategy matters

Stephen Grootes speaks to Vincent Anthonyrajah, CEO of Differential Capital and Erin White, director and Certified Financial Planner® at Crue Invest, about the key questions investors should ask before investing, from defining their financial goals and time horizons to understanding risk, liquidity…