- JSE All Share (ALSI) 114,632.29
- Rand/Euro R 18.93
- Rand/Pound R 21.84
- Rand/US Dollar R 16.23
- Rand/Aus Dollar R 11.66
Quality’s Cul-de-Sac: When Great Businesses Move Together
Owning a basket of great businesses does not always lead to diversified outcomes. When portfolios rely on the same market conditions, they can behave far more similarly than investors expect. After a decade in which quality investing felt like a complete answer, changing conditions are testing some long held assumptions. This article explores how quality portfolios arrived here and why diversification by outcome matters more now.
