Northstar quarterly market reports
The Northstar Market Report provides powerful empirical evidence as to why we are confident that our investment philosophy and process, closely followed, will deliver market beating returns for our clients over time. This work again points to controllable factors - markets move wildly, falling in and out of love with different sectors and companies, but we have a defined formula that works and we stick to our guns by only owning quality companies when they are incorrectly valued by other investors. We discuss stocks in this report, delving into our investment cases for specific securities which we own.
CURRENT QUARTERLY REPORT
2024 – Quarter 1
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THE BIG PICTURE
Does the performance of the Johannesburg Securities Exchange reflect the triumph of the national imperative over the shareholder imperatives?
South Africa’s legislative competency in giving life to a national imperative is at odds with the shareholder imperative. That is, the legislative framework lacks the creativity to give birth to South African Dynamism in much the same way as economically vibrant countries such as the United States do through American Dynamism.
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FROM THE ANALYSTS
Interconnected fortunes: US policies and their broad impact on South Africa’s economy
This article delves into the significant influence of the United States fiscal and monetary policies on commodity prices and the consequent impact on South Africa's crucial mining sector and the broader economy. South Africa is a bastion of diverse economic activities rooted deeply in mining, agriculture, and tourism, and its economic narrative has been resilient and adaptable to various global and local challenges. The piece explores how the fluctuations in the U.S. money supply have historically correlated with shifts in commodity prices, shedding light on a critical aspect that directly affects the profitability and sustainability of South Africa's mining industry.
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STAFF MEMBER PROFILE
Staff member profile – Sahil Gyanda
When did your interests in financial markets start?
My interest in financial markets started during high school, when my Grade 10 accounting teacher spoke about the achievements of Warren Buffet, and how he enjoys reading company’s annual reports and financial statements. This, together with my love for accounting, piqued my interests in the world of investments. Being able to work with financial statements whilst not being in the characteristically “boring” accounting industry excited me.
QUARTERLY REPORTS ARCHIVE
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