Kurwitu itakuwa?

CMA. Headed by the son of Britam's chairman. Britam can do what it wants. Perhaps even Equity.

I felt this was stupid and careless!!

How do you put half a billion into an investment without doing due diligence because there is an "information memorandum"???

Jamii bora has resources, manpower, networks and know how to conduct due diligence!!! This is total upus, and the excuse should get jamii bora shareholders very worried!! Anyone who puts half a billion of your money into a company in (total) distress without doing due diligence should be shown the door by yesterday!

I can confirm without fear or contradiction Britam and Equity are time bombs! Time will tell!

The CEO is shifting blame elsewhere for the investment in uchumi.
If it was in other countries he should have resigned asap

So should we blame the regulator? when a company releases its fy report which contains other disclosures,thats the report we relie to make decisions as investors.Now tell me,how else will know anything else concerning the company beyond FY reports?

This is a public listed company being bought through the exchange. We should all have access to the same information, big and small investors alike.

Even Warren Buffett makes massive investments simply from reading the publicly available annual reports. That's as it should be.

And this isn't "creative accounting", he says they were conned, duped, that the IM was fiction. We all relied on the IM that was prepared by management, numbers unqualified by the auditors, approved by the regulator, put together by the investment bank and presented to the public. How can we blame the people who relied on this document to make investment decisions?

Warren Buffet is a mascot to the advocates of his school of thought.

A bunch of guys in Wazua have ascribed their skills to Warren Buffet.

@MaichBlack
"Does Warren Buffett visit companies or talk to management?

When asked this question during the Annual Meeting of Berkshire Hathaway in 2003, he replied,

“About 40 or 50 years ago, I did a lot of talking to managements. I used to go out and take a trip every now and then and drop in on maybe 15 or 20 companies. I haven’t done that for a long, long time. Today, everything we do, pretty much, I find through public documents.

I try to understand the business and not have any preconceived notions. There is adequate information out there to evaluate a great many businesses.

We do not find it particularly helpful to talk to managements. Managements frequently want to come to Omaha. And they usually have a variety of reasons why they say they want to talk to me. But what they’re really hoping is that we get interested in their stock. And that never works.

The managements are not the best reporting parties in most cases. The figures tell us more than management. So we do not spend any real amount of time talking to management. Before we buy a business, we look at the record to determine what the management’s like."

http://knowledge.conscio...r+talk+to+management%3F

This is not to say he would have invested in Uchumi. Just defending the use of public records.

Now going by the master himself,what are the companies in the NSE currently that Warren Buffet could invest?