Dirk Jooste

Financial Mail - - MONEY&INVESTING - Fund man­ager, PSG In­come and PSG Di­ver­si­fied In­come funds

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

As a sin­gle in­vest­ment, I would choose Brook­field As­set Man­age­ment, a global and well-di­ver­si­fied real as­set man­ager. It has strong and aligned stew­ard­ship in place and the po­ten­tial to com­pound for many years.

Which tal­ent would you most like to have?

I’m an en­thu­si­as­tic gui­tar player but have al­ways found my singing tal­ents a bit lack­ing.

What was your first job?

For pocket money dur­ing high school I would do the odd wood-sand­ing job at a fam­ily friend’s an­tique fur­ni­ture restora­tion shop.

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

I was quite lucky with an in­vest­ment in Naspers shortly af­ter join­ing the in­dus­try in 2006.

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

Pay off my debts and al­lo­cate the rest to foun­da­tions that fur­ther ed­u­ca­tion.

What’s your favourite song?

There are quite a few but Weezer’s Say It Ain’t So stands out as a song I’ve never been able to grow tired of. I think it’s the weird mash-up of reg­gae and rock ’n’ roll that’s made it so en­dur­ing.

On what oc­ca­sion do you lie?

When I pro­claim that we will braai in 30 min­utes.

What was your last pur­chase?

In terms of an item of some sig­nif­i­cance, was a Kin­dle.

What is your great­est ex­trav­a­gance?

I think Oc­ca­sion­ally I treat my­self to hav­ing a large quan­tity of kameel­dor­ing wood de­liv­ered to my house. It’s a great ex­trav­a­gance to be gen­er­ous with the fire­place and braai and not worry about wood.

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

African Bank, shortly af­ter the fi­nal rights is­sue.

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

it No. I think it’s ul­tra-spec­u­la­tive and it seems that the sup­ply of cryp­tocur­ren­cies is es­sen­tially un­lim­ited, look­ing at the rate at which new ones are cre­ated. This would make me quite scared from an in­vest­ment and store-of-value point of view.

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

We don’t make nearly enough hype about the Gar­den Route. Hol­i­days there have al­ways ex­ceeded ex­pec­ta­tions — it’s sim­ply world-class.

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