You can borrow ideas but can’t borrow conviction. Always do your own homework.

Very strong results from Bidcorp. Up almost 9% today

Hi Chris Mayer I am reading “How do you know?” and really enjoying it. Thank you for writing it!!

12% growth in net operating income from Nepi Rockcastle. That’s pretty strong

Nike results out overnight. Sales down, earnings down and margins down. It’s going to get worse before it gets better. They pushed the e-commerce too far and Hoka and ON have taken massive market share away from Nike. Can they recover? Time will tell.

Novo Nordisk forward PE has come down a lot! 21 forward PE. $NOVO

South Africa’s budget was postponed today. Helluva thing. There is a thing in economics called the Laffer Curve. It basically says that at a point, increases in taxes will bring in less revenue for govt. we definitely at that point in SA. Good job to Democratic Alliance for pushing back.

Great results from Advtech, revenue up 8% and earnings up 16%. How many other SA Inc stocks growing like this? We not seeing these results from Curro. Advtech edge is in the tertiary sector.

You can’t create prosperity by increasing taxes. Hoping SA Govt finds a new path. We desperately need growth. It will solve so many of our problems.