Business Maverick: Good investing! After the Bell year-end note

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The newsletter is an unusual journalistic form, and its speed and regularity can be both a blessing and a curse. The speed often results in a somewhat uncrafted newsletter. It follows something of the pattern of my wife’s riff on EM Forster’s query, ...

But that unvarnished, immediate reaction to the news can also be an advantage: it’s direct and honest; importantly, it’s much less cluttered with doubts and hedging.

But the point of discussing issues of the day, particularly concerning something so amorphous as the markets, is to challenge and stimulate. My Christmas break reading will likely include a book by journalist Monica Guzman called “I Never Thought of it That Way”. Guzman examines argument and truth in our very polarised times and ponders why we don’t seem to care about the truth behind perspectives other than our own.

That tendency to prefer puzzles to mysteries inclines us to believe we have the truth even when it’s only our own truth. The way we are shaken from this certainty is to be challenged and open and curious, and all of that is much harder than it seems. I hope this newsletter helps in that way, even if the presentation of its content is a little unvarnished.

This year was, in some ways, a good example. The JSE is likely to end up this year, and if you had forced me to guess its value in June, I would have said that would be an impossibility, especially cuz South Africa.

 

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