Dar­ren Burns

Financial Mail - - MONEY&INVESTING - Dis­cre­tionary fund man­ager, Glacier by San­lam

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

Coca-cola. Though it is a rel­a­tively ex­pen­sive com­pany, it is a mar­ket leader and very de­fen­sive. Given its size it has the abil­ity to with­stand large mar­ket shifts, such as the cur­rent drive for peo­ple to con­sume less sugar and soft drinks. Coca-cola has also tra­di­tion­ally al­ways paid a healthy div­i­dend and has man­aged to in­crease the value of this div­i­dend year af­ter year.

Which ta­lent would you most like to have?

I would like to be more cre­ative. I see my­self as a left-brain thinker and strug­gle to chan­nel my in­ner artist/mu­si­cian/imag­i­na­tion-user.

What was your first job?

My first pay­ing job was work­ing dur­ing school hol­i­days as an as­sis­tant to my grand­fa­ther, who in­stalled and re­paired air-con­di­tion­ers and re­frig­er­a­tion ap­pli­ances.

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

In the past, my an­swer would have been to root out cor­rup­tion. But I am ap­palled by the num­ber of child ab­duc­tions we now hear about al­most daily. This needs to be stopped. Chil­dren should have the right to grow up with­out these fears.

What’s the best in­vest­ment you’ve made?

Buy­ing my first house as soon as I could af­ford it. With the rise in res­i­den­tial prop­erty prices in the Western Cape, the value has just short of tripled in the past six years.

If you found a lot­tery ticket to­mor­row that had won $100m, what would you do with it?

First, I would im­me­di­ately set­tle any out­stand­ing debt Though debt is a nec­es­sary evil I find it im­mensely frus­trat­ing. The re­main­der of my win­nings I would sim­ply in­vest in a well-di­ver­si­fied port­fo­lio with a long-term out­look.

What’s your favourite song?

Any­thing by Queen.

What was your most re­cent pur­chase?

A few craft beers for the rugby last week­end.

Ap­ple or Sam­sung (or Nokia)? What’s the worst in­vest­ment you’ve ever made?

I had.

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

My first of­fi­cial pay cheque was for R7,500. I used ev­ery cent, plus some sav­ings, to buy an LCD TV — they were still rel­a­tively new at the time.

Do you own bit­coin or any other cryp­tocur­ren­cies? And why?

No, I still find cryp­tocur­ren­cies too spec­u­la­tive and am con­cerned about the se­cu­rity of the ex­changes. Sam­sung, I pre­fer hav­ing the flex­i­bil­ity to cus­tomise my de­vices to suit my needs more closely. It was ac­tu­ally to not in­vest in some­thing. When I was study­ing (about 2005) a friend failed to con­vince me to in­vest my sav­ings in Capitec shares.

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