I was hovering around between 1959 when I was a young lad who wanted to go places and the first IBM computer was installed in South Africa [long before Windows and IT]; then found myself on a cloud above Animal Farm passing over 1984, when I suddenly landed in the middle of modern IT with a well meaning young lady but she spoke in the strange new language that only they understand but which clearly illustrates that she doesn’t understand the business English which I grew up with.
When she “revoked” a previous computer “advice” I had to invoke the name of the Chairman. Hell, I know the guy well enough and he is my junior by 6 years. He is the Chairman because he founded the Company of which one son is now the CEO and the other one COO, founded it in 1998 I should add; they are a big listed group today, one of the success stories of recent years in our Country. When I thus invoked the name of the Chairman an ear deafening silence thundered through the skies above IT Land.
When I aspired for greatness in 1960 we had no Managing Directors in big Finance Houses. The top dog was General Manager and he was generally 55 or 60 years old with 30 to 40 years of solid experience. Just after 1990 they all installed the Internet and 40 year old guys took over as Managing Directors.
I had to look something up on the Internet and that made it necessary for me to check on one of the last lot I mentioned above. He was “the boitjie” at hhmm … OK lemme call it Company A in 1990 and he would not have liked it if I called them Company B then, but he is long gone now, so is his successor … shucks, at Google I could not find any trace of where he is today neither any mention of the two successors after them. Oh yeah, almost forgot; this Company was an old well-known name that listed on the JSE in 1990 with some others to make “all the botjies” Managing Directors. You should Google for these things to understand this Post and you will laugh your heads off at some of these names. They are the forgotten men of Yesterday in Time. The big listed companies of previous times [the Anglo’s, De Beers, Rembrandt’s, quite a few] are still there and going strong but not from our shores; they have moved off to London and other places. The ones of the 1990 “big boitjies” are empty shells. They will deny it, … OK by me.
Now the 1998 Company is leading the charge for South Africa?
With a well meaning young lady who speak in tongues?
For how long?
Shane, and all the guys I tagged, I still dabble in a few shares; not enough to make me broke or rich, but the Torah does advise you to split your assets in three: one third in property another third in your own business and the balance in cash and/or shares in other businesses.
So, I shall need to cut this short now. I have a few rand in shares; currently in ACL. Remember and save what I tell you now. The clever economists and everyone right up to the Chair at SARB will tell you to invest for LONG TERM, meaning minimum 10 years. Five to ten years are Medium Term; any term under 5 is Short and you must not do Short they tell you.
That’s called IT!
I say that’s BULL or DIT, to suit them with your money.
The Truth is that currently Short Term is 2 days, from 3 to 5 days is Medium Term, and anything over 5 days is Long Term, the latter much too long for me because I go for Short Term, whenever I can just for a Day. If you study the JSE volumes it is as clear as daylight in December that they all do it with your money and thus enrich them at your expense.
Finally record this fact [you can verify it any time ad infinitum as long as the Internet stands that yesterday one person blocked the ACL share price for the second day in a row at 1149 cents with only 71 shares remaining at close of day and they will probably go at openers tomorrow Friday, December 23, 2016.
IT is short for Information Technology, they say.
I say that is BULL.
There is a D in front that they don’t tell but that is the Truth.
D stands Dis
Thus DIT stands Disinformation Technology. Or you should really and it would be wise to add a second D in front thus getting DDIT for:
Deliberate Disinformation Technology
That is at the Media stands for and that I why the World is in the mess it is Today.