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World Class Investment Fund.
Baobab can only serve as a sound foundation for social development if it is a viable global competitor.
Baobab's fund manager must rank in the top 0.5% in the world by
delivering a performance of more than 3%, net to its investors, above the S&P500 over the long term.
Baobab should generally apply a range of investment methods to ensure participants receive broad exposure to the investment world. The range of investment methods is based on the partnership of Warren Buffett from 1957-1969.
Baobab should maintain an international focus to ensure participants of its programs have an international investment outlook.
Baobab should expand its existing office space, in Gaborone, to accommodate trainees and establish an international office or relationship to give trainees the opportunity to work abroad.
World Class Investment Professionals.
Batswana investors are generally unsophisticated; this provides an enormous opportunity to put them on the right track. It will make an enormous difference to the future of Botswana if the general investor is schooled properly in the thinking of Benjamin Graham, Phil Fisher and Warren Buffett. To a large extent the Government is financially conservative, risk averse and not dependent on debt or hand-outs. This climate from the top down is perfect.
Promotion of investment clubs in Botswana schools and annual investment
competitions. The knowledge base consists of the material of Benjamin Graham, Phil Fisher, Warren Buffet and some of the
concepts covered in the CFA program. Promotion of speaker programs to promote local knowledge transfer and to supply role
models in the business world. Promotion of ways to push out information from the schools into the community.
Promotion of the investment club of the University of Botswana and an annual
investment competition. The knowledge base consists of the material of Benjamin Graham, Phil Fisher, Warren Buffet and the
concepts covered in the CFA program .Promotion of a speaker program by local businessmen and women at the University of
Botswana on a regular basis to promote local knowledge transfer and to supply role models in the business world. Promotion of
internships. Promotion of ways to push down information from the University's investment club into the schools.
Three year long junior trainee program of recent University of Botswana
graduates with the management company of Baobab Global Fund. The trainee program will be in step with the three year CFA
program and the aim is to give the trainees practical experience of the topics covered in the CFA program. The first CFA
charter holders will assisted in establishing an endowment fund, based on the Harvard model, to manage some of the endowment
funds of the University of Botswana .Promotion of ways to push down information from the trainee program into the University
of Botswana and local and rural communities.
World Class Investor Education.
Botswana's population is generally unsophisticated in investment matters and their education is arguably the most ambitious part of the project and will take the longest time to achieve. However, even if Baobab only achieves the following three things over the next two decades then this goal will be considered a success.
Make the average citizen aware of the fact that Botswana has a stock market
and that it is a way of building personal wealth over the long term.
Make the average citizen aware of the basic message of chapter 8 of Benjamin
Graham's book, The Intelligent Investor, which is that an investor must be financially and psychologically prepared for the
fluctuations of the market and use it to his or her advantage.
Make the average citizen aware of the basic message of chapter 20 of Benjamin
Graham's book, The Intelligent Investor, which is the concept of a margin of safety and dictates that we should pay less for
a business than what it is worth.
