If you have under $10 million and you are buying Apple, you have voluntarily entered the one fight in all of public markets where you have no edge, no advantage, and no reason to exist.
There are 40 PhDs, three sell-side teams, and a sovereign wealth fund modeling Apple’s next quarter to the penny, and you, with your brokerage app and your podcast opinions, have decided to join that table. You will not find a mispricing in Apple. The mispricing in Apple was arbitraged away before you finished reading the headline.
Meanwhile there is a $90 million industrial parts distributor in Wisconsin that no analyst covers, no fund can buy because the position would take six weeks to build, and no institution will touch because it would not move the needle on a billion-dollar book. That is your table. That is the only table where being small is an asset instead of a punchline. Your size, the thing that feels like a limitation, is the single greatest structural edge available to a human being in public equities, and you are spending it on the most picked-over stock on Earth.
The big funds cannot follow you down here. That is the entire point. Go where they physically cannot fit.
@Handre SARB has no choice.
To have sustainable low real rates in SA you need a higher savings rate or fiscal restraint.
High real rates are a symptom
S=I
@Magda_Wierzycka It depends on what power the head of state has.
If the head of state is powerless they can be appointed or hereditary.
The more power the office has the more cause for appointment to be plebiscite.
@niphomadondo It has to be one of the great ironies of SA that a mostly white c-suite class are potentially the most committed or reliant on the idea of a stable, perpetual ANC gov, yet they are the least likely to vote for it.
@BenjaminACronin Agreed !
State utilities should be run not for profits but for losses.
The losses can then be funded by VAT and fuel levies.
Because these taxes are the most neutral taxes they do the least harm
9 years ago South Africa did not commercially produce pistachio nuts. Today, we are Africa's number 1 mass producer and mass exporter of Pistachio nuts. And are ranked number 8 globally. The value per harvest is around R3 billion.
South Africa, always leading the way ✨️🇿🇦