Rudi van Niekerk is an outspoken expert for investing in South Africa. He is following a long-term-oriented value approach in a rather inefficient market.

We discussed the following topics:

• 00:00:00 The start
• 00:00:16 Penguins and lions
• 00:03:18 Rudi’s career as a grain trader
• 00:07:44 Learning from negotiating with farmers
• 00:10:09 Why investing?
• 00:14:11 Desert Lion’s position in the South African financial industry
• 00:17:47 The South African stock market
• 00:23:12 Where Rudi would go long or short
• 00:25:49 Books to read on South Africa
• 00:28:10 The best capital allocators in South Africa
• 00:29:49 Scarcity of capital
• 00:35:07 How good is the capital allocation in South Africa?
• 00:37:43 Why companies delist
• 00:39:49 South Africa’s progress 00:43:08 Inequality in South Africa
• 00:45:16 Why his seed investors seeded him
• 00:48:37 Why he underperformed in 2017
• 00:51:25 Learning from mistakes
• 00:54:45 Position sizing
• 01:00:00 The mining and the education sector
• 01:05:39 South Africa’s demographics
• 01:06:42 Car tracking companies
• 01:12:06 The evolution of Cartrack
• 01:16:14 Capitec
• 01:23:30 Closing remarks

Here you can find the YouTube video:

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