Re­nier de Bruyn

Financial Mail - - MONEY&INVESTING - In­vest­ment an­a­lyst at San­lam Pri­vate Wealth

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

Bid­corp. I’m not a fan of sin­gle-stock tips, but if forced to pick just one share, it needs to be one that pro­vides both safety and growth po­ten­tial. Bid­corp is a highly en­tre­pre­neur­ial busi­ness, op­er­ates in the struc­tural-growth food­ser­vice mar­ket, is ge­o­graph­i­cally di­ver­si­fied and has low gear­ing.

Which talent would you most like to have?

To im­me­di­ately be able to tell whether some­one is ly­ing.

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

My best fi­nan­cial re­turns came from the first two prop­er­ties I bought. On the stock mar­ket, I have learnt that what turned out to be my best in­vest­ments were the emo­tion­ally dif­fi­cult ones to make, be­cause they were con­trary to mar­ket sen­ti­ment.

Do you own bit­coin? And why?

I bought a tiny amount to learn how it works, but wouldn’t put se­ri­ous money be­hind some­thing that I can’t value. I do see a fu­ture for a cryp­tocur­rency. It would first need to prove it­self as a store of value, which is the pri­mary re­quire­ment of a cur­rency. At this stage, cryp­tocur­ren­cies have be­come a source of raw spec­u­la­tion. This pre­vents them from be­ing able to ful­fil this func­tion. They need to ma­ture — but the road won’t be smooth.

What is your great­est ex­trav­a­gance?

I think I have bought too many Lego parts for my chil­dren. But then again, it is ar­guably the best toy in the world – it has a long life­span and the com­bi­na­tions of things you can build are end­less. I’m con­tent with my life­style and the oc­ca­sional grind­ing is nec­es­sary to develop char­ac­ter — I wouldn’t like the quick fix of money to spoil this. I would there­fore donate most of it to worth­while causes. I would, how­ever, take my fam­ily on an adventure hol­i­day to cre­ate some mem­o­ries.

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

I sold my Capitec shares too soon.

What’s your favourite song?

At the mo­ment it’s “Cas­tle on the Hill” by Ed Sheeran.

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

I would re­pair SA’S fam­ily struc­tures. I’ve read some­where that 70% of a per­son’s char­ac­ter is al­ready formed by age seven.

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

I would have asked ev­ery girl I had a crush on at school for at least one date. I don’t re­gret los­ing out on the crushes, but it would have helped to over­come that silly fear of re­jec­tion at a younger age.

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

The less com­mer­cialised is­lands of Thai­land. They are very scenic and great value for money.

Ap­ple or Sam­sung (or Nokia)?

Ap­ple — IOS pro­vides Ap­ple with net­work bar­ri­ers to en­try, while Sam­sung will al­ways face stiff com­pe­ti­tion from other hard­ware man­u­fac­tur­ers.

What is your most trea­sured pos­ses­sion?

Ev­ery­thing is re­place­able, ex­cept for my fam­ily, my friends and my health. At work, I would hate to have to go with­out our Bloomberg ter­mi­nal.

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