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Second-Level Thinking

The best investors in the world have a great ability to look and think beyond the obvious. This characteristic is referred to as second-level thinking. In second-level thinking, one has to go beyond the obvious cause-and-effect type thinking. It requires one to ask deeper questions, like “So, [...]

The Robots are Coming!

Artificial Intelligence One of the most rapidly advancing technologies today, and perhaps scariest, is in the field of artificial intelligence (AI). I’ll attempt a layperson’s explanation of AI: AI is the ability of a machine or computer to have human-like thinking (or cognitive) capabilities. The computer [...]

Risk

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”  Warren Buffett What does Buffett mean when he says that the first rule of investing is never to lose money, and the second rule is to never forget the first rule? Has Buffett never [...]

Ring the Bell

Ring the Bell  Please let me know when market guru of the Johannesburg and/or the Nasdaq Stock Exchange rings the bell to tell us that we are at the top of the market cycle. Similarly, let me know when our market guru declares that we have reached [...]

Read to Learn

Read to Learn “If I have seen further, it is by standing on the shoulders of giants” This quotation is attributed to Sir Isaac Newton. Newton was making the point that had he not learnt from other great scientists, he would not have been able achieve what [...]

Forecasting

Time to forecast? It’s that time of the year when many pundits provide an opinion on what they forecast for the year ahead. Some even go so far as to predict what the exchange rates or market indices will be as at the end of the year.  [...]