Jean Pierre Verster on his ‘quantimental’ investment approach

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[PODCAST] Jean Pierre Verster the CEO of ProteaCM talks shorting Steinoff, his best and worst trades and the role of luck when investing on Be a Better Investor podcast with Ryk_van_Niekerk. Moneyweb Investing

RYK VAN NIEKERK: Welcome to this brand-new ‘Be a Better Investor’ podcast. It replaces the old Market Commentator podcast, which I have been doing for many years. The Be a Better Investor podcast will be different, as I will pick the brains of professional investors on why they choose to invest or disinvest from certain shares, the information and the data they use to make these decisions, and their successes and their mistakes.

I have seen the qualification around. If you go onto LinkedIn, you see quite a few people for instance put them at the back of their surname to indicate the qualification. I don’t have an exact number for you, but there are I would guess at least 100 CAIAs in the country, and there could be substantially more.

I think firstly one must be very careful of theoretical numbers and back-tested numbers and just numbers in anyone’s head. The good news is that I actually started managing outside money in 2009, May 2009. I invited my friends and family, a close circle, to invest in what I called the Verster Investment Partnership.

Probably, yes. I would go a step further to say you can probably take that issue you’ve identified and split it in two. The one is access to information and the other one is what then to do with that information. When it comes to access to information, I think that the playing fields have been levelled in the last few years.

On the local side we are still finding a lot of high-quality mid-cap companies that are still relatively cheap, even though their share prices have recovered over the past 18 months; we are buying those.

 

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