Dear Client /
Investor
16 November
2016
The famous 86 year old
Fund Manager, Warren Buffet, supporter of Democrat Hillary Clinton, also spoke
with CNN about politics, saying he remained confident in the long-term prospects
for equities after his candidate was defeated by Republican Donald Trump. He
said the stock market “will be higher in 10, 20, 30 years from now”,
Buffet, 86 said in an interview. “It would have been with Hillary, and it
will be with Trump”.
Not to overreact when the
unexpected happened, have made him one of the most successful fund managers
ever.
I thought that it is
important for us to take note of that. Just a few months ago all four our fund
of funds had a rolling twelve months nett of all fees return of more than 12%,
Kanaan Bci Flexible FoF, more than 17%. Year to date, now after Nene gate and
Brexit all our funds, except for our offshore fund of fund, are still in the
negative. We have been in the negative for a few months now, but to me it feels
like ages, how much worse it should feel to you, but I have no doubt that we
should take cognisance of the Buffet philosophy to be patient under
circumstances of uncertainty.
Friendly
greetings
Andre Delport
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