Rob Formby
Quarterly Commentary

2018 Q3 Comments from the Chief Operating Officer

A lot can happen in 20 years. The iPhone was introduced in 2007, 11 years ago. Facebook and WhatsApp, which started in 2004 and 2009 respectively, have...

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Local investing

Allan Gray Equity Fund's 20th Anniversary

By Julie Campbell on 17 Oct 2018

reading time: 13 mins

If you had invested R1 000 in the Allan Gray Equity Fund when it was launched on 1 October 1998, it would be worth R56 572 today (at 30 September 2018). A...

Investment insights

Skilled Investing: Separating the wheat from the chaff

By Vuyo Nogantshi on 17 Oct 2018

reading time: 7 mins

The difference between skilled and lucky investment managers is that over extended periods, skill should prevail in delivering good investment outcomes, whil...

Companies category

An investment case for Naspers

By Ruan Stander on 17 Oct 2018

reading time: 9 mins

As at 30 September 2018, Naspers made up 18.2% of the JSE. Whether you are for or against the stock, adequate time needs to be devoted to considering the...

Investment insights

Executive remuneration: Skin in the game

By Pieter Koornhof on 17 Oct 2018

reading time: 9 mins

At Allan Gray, we think carefully about the executive remuneration policies of companies in which we invest our clients’ capital. Why is this a worthwhile...

Offshore investing

Orbis Global Equity Fund: Unpacking recent performance

By Stefan Magnusson on 17 Oct 2018

reading time: 8 mins

As bottom-up stockpickers, we don’t pay much attention to benchmarks or to what other investors are doing. Instead, our investment decisions are based on...

Personal investing

What does the price of a unit trust mean?

By Ray Mhere on 17 Oct 2018

reading time: 7 mins

When you buy a product or a service, the price you pay for that item tells you something about it. An apple that costs R50 (suspiciously expensive) or an App...

Categories

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