Conviction is one of the most important pillars of successful investing because it thwarts the enemy of compounding: panic selling.
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@Magda_Wierzycka@DryEtienne @FSCA_ZA I see National Treasury, SARB and FSCA have issued a joint statement effectively suspending the 15/2020 circular for now- but inviting stakeholders to comment
Not so long ago, I was a free man, no political constraints. Then I agreed, voluntarily to join Government. Tjoooo! Free but not free!! You have to obey the majority/collective decisions! Sometimes it feels like swallowing a rock!😳
By the way FTSE (who run WGBI bond indices) said before SA downgrade that due to dislocation in mkts they won’t be re-balancing at month end as usual “...In the event of a downgrade of South Africa, it will not exit the WGBI or World ILSI for the April index”. See statement👇🏾