“Stick to your knitting”, goes the old saying. Like many nuggets of wisdom that have stood the test of time, this captures a simple but powerful truth. There are benefits to focusing on the things you’re good at.
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You know your strategy is doing something right when economists give you a celebratory nickname. For example, if you’re among the “Asian Tigers”, you have been a part of one of the most impressive industrialisations in history. Similarly, earning the nickname “the world’s factory” rightly suggests dominance as a manufacturer and exporter.
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Throughout history, gold has been a fascinating asset. Bring it up at a braai, and you’re sure to spark a heated debate. The “gold bugs” will hail it as a safe haven, and there is sure to be at least one critic who reminds you that it pays no dividends. You’re also likely to hear that gold has historically been difficult and expensive to hold – even dangerous!
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Environmental, social and governance, or ESG, is now a global force behind business and investing, catalysing businesses to revise their roles and responsibilities in society and to contribute to making the world a better place.
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