- JSE All Share (ALSI) 55,650.41
- Rand/Euro R 16.28
- Rand/Pound R 18.42
- Rand/US Dollar R 14.59
- Rand/Aus Dollar R 10.11
Investing is a zero-sum game. Even the best fund managers will struggle at times and will lose often. What is important is how they respond to being “wrong” so regularly, how they handle these setbacks and whether they learn from their mistakes over time. The mindset of the manager really matters.