- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
2018 Q3
Allan Gray Equity Fund's 20th Anniversary
If you had invested R1 000 in the Allan Gray Equity Fund when it was launched on 1 October 1998, it would be worth R56 572 today (at 30 September 2018). A...
Skilled Investing: Separating the wheat from the chaff
The difference between skilled and lucky investment managers is that over extended periods, skill should prevail in delivering good investment outcomes, whil...
An investment case for Naspers
As at 30 September 2018, Naspers made up 18.2% of the JSE. Whether you are for or against the stock, adequate time needs to be devoted to considering the...
Executive remuneration: Skin in the game
At Allan Gray, we think carefully about the executive remuneration policies of companies in which we invest our clients’ capital. Why is this a worthwhile...
Orbis Global Equity Fund: Unpacking recent performance
As bottom-up stockpickers, we don’t pay much attention to benchmarks or to what other investors are doing. Instead, our investment decisions are based on...
What does the price of a unit trust mean?
When you buy a product or a service, the price you pay for that item tells you something about it. An apple that costs R50 (suspiciously expensive) or an App...
2018 Q3 Comments from the Chief Operating Officer
A lot can happen in 20 years. The iPhone was introduced in 2007, 11 years ago. Facebook and WhatsApp, which started in 2004 and 2009 respectively, have...