n Without Prejudice - Kaleidoscopic returns point to the need for an investment philosophy : money

Volume 9, Issue 8
  • ISSN : 1681-178X



The colourful chart (Figure 1) gives the annual returns for each of the major investable asset classes in South Africa for the past ten years. A quick glance shows that the best-performing asset class in 1999 was South African shares (red), whereas the poorest performer was international bonds (purple). Interestingly, nine years later in 2008, this position is reversed, with international bonds in the top spot and SA shares at the bottom. In the years between, there seems to be no discernible pattern, but rather a random distribution of colour blocks.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error