Investments / General

Why chasing down a cricket total is a lot like investing for an outcome

South Africa’s hopes of a semi-final place at the 12th edition of the Cricket World Cup is looking dismal after their fixture against the West Indies at the Rose Bowl was washed out on Monday. Needless to say, while South Africans may have to drag themselves back to their TVs, cricket fans all over the world are investing a month and a half of their lives indulging in their favourite sport by watching their national teams set and chase targets for over eight hours each day.

Your portfolio is not the same as gross domestic product

It was much worse than feared. South Africa’s economy contracted at double the rate expected by most economists in the first quarter. The -3.2% annualised decline in gross domestic product (GDP) from the fourth quarter means year-on-year growth was exactly zero. In real (after inflation) terms, the economy is no bigger than a year ago.

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