Newsletter July, 2020

In times of turmoil and high volatility such as the last few months we ought to realize that we can often be powerless against the mighty will of the market over the short term. Timing the market and claiming to have the ability to time the market are more
often than not loss making propositions over longer investment horizons. We not only do not claim to be experts in timing the market we also believe performance over longer periods of time is an outcome of superior processes, high quality of earnings (predictability) and consistent earnings growth (longevity).