Back in 2018, I personally invested in Twiga Cement (TPCC on the Dar es Salaam Stock Exchange) in Tanzania. The company is a subsidiary of Heidelberg Cement, which owns 69.3%.
When I was a young man starting my career, Asia was the continent of growth and opportunity. That’s why I came here in 1996, and haven’t left.
I believe Africa will be the new Asia.
Recently I did an interview with the guys at the “State of the Markets” podcast. In it, I discuss many things, including a few specific investment ideas — stocks I have personally invested in, over the last 18 months, in Tanzania, which I plan to hold for many years.
I have a friend in Hong Kong who works for a successful investment fund. His firm manages nearly $6 billion.
To generate a 10% return on their funds under management, they would need to see their portfolio …
Almost every investor in the world knows Warren Buffett. But, if you’re not as old as me, and don’t know Peter Lynch, he was one of the most famous and successful fund managers in the 1980s and early 1990s.