The Cristal Challenge: SA’s favourite stocks for 2022

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

Fund managers pick five winners, but warn real decisions need a bigger portfolio and longer time horizon

Business magnate and investor Warren Buffett famously won a 10-year bet that passive investing via an index tracker fund, which offers exposure to entire stock market indices, would outperform hedge funds that aim to pick individual winners.

Ironically getting rich by investing in individual companies, Buffett argued that with their typical two-and-twenty fee structure — a 2% management fee and 20% of profits — hedge funds could not justify their exorbitant fees. His contention was: with fees included a tracker would outperform a handpicked portfolio over a decade. In SA, the most famous proponent is Magda Wierzycka, founder of Sygnia. Her case is an ironic one, too, as her first business was in hedge funds...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The way my 5 year old son looks at me with hunger😭💔. I've been struggling to find any employment and we slept hungry for two days now😔. I'm a man and I have my pride, but I'm also a father. Please assist us with mealie meal,we'll eat it with sugar water🙏🏻.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines