TAKE IT SLOW

Finweek English Edition - - SIMON SAYS -

As I write t his col­umn, Eskom has an­nounced stage two load shed­ding due to is­sues at the Ma­juba power sta­tion. Un­til this is­sue is re­solved, it puts us back in the 2008 load-shed­ding cri­sis and re­it­er­ates a les­son I con­stantly make. Things hap­pen slowly – sure, we’re all used to in­stant mes­sag­ing, new on the go etc., but the re­al­ity is that things hap­pen slowly. Look how long con­struc­tion has been in the dol­drums and how long the once high-f ly­ing re­tail stocks have been un­der pres­sure. As in­vestors we must al­ways re­mem­ber that there is sel­dom a need to rush in and if we are in a hurry, we’re prob­a­bly mak­ing a mis­take.

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