The fundie seeking stocks that will outperform for the next 40 years

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 90%

South Africa News News

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

It’s been a tough journey for lawyer-turned-fund manager Peter Phan, from being born poor in a Malaysian fishing village to running his business Castlereagh Equity.

partnerships,” says Phan. “The idea is that I only get paid if I can provide value over what an investor can achieve themselves with a passive index fund and no manager.

Investing is his singular passion and what motivates him to research and apply knowledge. “I started off with cheap cigar butts, moving from deep value, and then to value, and then to cash flow, and eventually to long-duration quality,” he says.In his frank speaking way, Phan dismisses his former profession – the law – as toxic, slow-moving, backwards-looking, apathetic, even disdainful, towards advancements in science and technology.

DNA sequencing, synthetic biology, cellular engineering, miniaturisation, microfluidics, robotics, and machine learning are now areas of research and interest for Phan.; its Nasdaq-listed shares are already up 30 times since 2007 to give it a $US52 billion valuation. “The problem is Illumina is now valued at roughly 50 times earnings,” Phan laments.He says a British business spun out of Oxford University named Oxford Nanopore Technologies has potentially superior DNA sequencing tech.

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:

 /  🏆 2. in ZA
 

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

Nice one PhanLawyers !

A lovely story about one of the really good guys! Always helpful & considerate of minnows like me. Polite, charming, very smart and endlessly curious.

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The fundie seeking stocks that will outperform for the next 40 yearsIt’s been a tough journey for lawyer-turned-fund manager Peter Phan, from being born poor in a Malaysian fishing village to running his business Castlereagh Equity.
Source: FinancialReview - 🏆 2. / 90 Read more »