Ian Scott

Financial Mail - - MONEY&INVESTING - Head of fixed in­come and fund man­ager, PSG As­set Man­age­ment

If some­one came to you to­mor­row with R100m to in­vest in just one com­pany, which would it be?

I would stay close to home: PSG. The com­pound­ing over the long term is out­stand­ing, as is the di­verse na­ture of the un­der­ly­ing in­vest­ments.

What was your first job?

I started my ca­reer in the trea­sury divi­sion of Sa­sol Oil. I was tasked with trad­ing and man­ag­ing the forex book.

If you could turn back time, what would you change in your life?

I would be­come a value-based in­vestor ear­lier in my life, know­ing that fads, trends and hot stocks are not the best way to in­vest over the long term.

What’s the best in­vest­ment you’ve ever made?

While not an in­vest­ment, a valu­able prin­ci­ple I learnt early in life is that ex­ces­sive debt is deadly. Com­pound­ing in­ter­est is a strong force that works in favour of the lender, not the bor­rower.

What’s your favourite song?

“Hello”, by Adele.

What is your great­est ex­trav­a­gance?

Spoil­ing the fam­ily when there is an oc­ca­sion to cel­e­brate.

Name a place you’ve been to that lived up to the hype.

Man­hat­tan — it re­ally does not sleep and the attack on your senses is hard to de­scribe in words.

On what oc­ca­sions do you lie?

When my wife asks how long it will take un­til the braai is fin­ished. The stan­dard an­swer is: “Just an­other five min­utes, dear.”

What was your last pur­chase?

I can’t re­mem­ber, but I know I have be­come a val­ued client of Builders Ware­house of late.

How much was your first pay cheque and what did you do with it?

I think my first pay cheque was less than what a de­cent midrange cell­phone costs th­ese days. I lost some­where amid the stress of the Asian fi­nan­cial cri­sis.

What travel ex­pe­ri­ence is on your bucket list?

Trav­el­ling by road up to the African Great Lakes re­gion.

If you could fix one thing in SA to­day, what would it be?

it I would like to get the peo­ple of the rain­bow na­tion talk­ing to one an­other about how to build a bet­ter coun­try for our chil­dren and grand­chil­dren. We need to hand SA over in a bet­ter state than we re­ceived it — plant a tree to­day to sit in the shade to­mor­row.

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