Wealth #16: Investing in Africa w/ Tim Staermose of African Lions Fund

Tim Staermose is the founder of the African Lions Fund, which invests in sub-Saharan African “Frontier” economies, excluding South Africa. Tim is also an investment writer, and his website - www.GlobalValueHunter.com - is full of global value investing ideas. FOLLOW TIM ON X (TWITTER): https://twitter.com/globalvaluehunt?r... GET RECOMMENDED BOOK: Factfullness: Ten Reasons We Are Wrong About The World https://amzn.to/3ThSwdQ SUPPORT THE ACCENT ON PATREON:   / theaccentpodcast   TIMESTAMPS 01:10 Perception of Africa (Factfulness book) 08:25 Long or Short-term opportunity: Main Thesis 13:25 Asian model will not work in Africa 16:10 Leading Industries 18:35 Valuations in Africa 21:55 Investment process 29:25 Banking Industry in Africa 32:10 Position sizing 35:10 Hedging 38:50 Taxation of the fund 40:15 Largest position (NMB Bank - Tanzania) 48:45 Recent investments (KCB Bank, Equity Bank, Safaricom – Kenya) 52:40 Selling stocks