cape-town-tours

South Africa has been a difficult market for private hospital stocks over the past year. The shares of the three leading companies (Life Healthcare, Mediclinic, and Netcare) have posted an average return of -8% in local terms over the past year. The rand’s 20% appreciation relative to the US dollar over this period has masked the challenges

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mjman

(c) IFC.com   In 1972, George Carlin first performed his now infamous Seven Words You Can Never Say On Television. In case you’ve never watched it, this hilariously foul yet informative bit of comic genius provided clarity around the words that could be used on TV and in polite society, as well as some noteworthy

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trader-looking-at-screen

Not to state the obvious but…beating the market is hard. Really hard! It seems that every financial publication has already emphasized how passive investing has won the race for assets and returns. The idea that investment managers cannot beat the index has become an investing truism; that the single best choice for most individual investors, wishing to gain market exposure, is simple low-cost indexing. In fact, legendary investor Warren Buffett advocated this very idea in his most recent annual newsletter

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