And your annual tax incentives reminder.

"Investing for the long term requires patience and dedication, but the rewards are worth the wait." – Quote by generative artificial intelligence engine GPT-3

Maintaining an equity bias and following diversification principles provide the foundation for building strong investment portfolios. - David F. Swensen, CIO, Yale and philanthropist

In the short run, the market is a voting machine, but in the long run, it is a weighing machine.

"Long-term consistency trumps short-term intensity" – Bruce Lee, martial artist, actor, philosopher.

Key take-outs from the Budget announcement and your annual tax incentives reminder.

“The fact that some choice is good doesn’t necessarily mean that more choice is better.” – Barry Schwartz in The Paradox of Choice: Why More is Less

“In the midst of chaos, there is also opportunity.” – Sun Tzu

“Give me accountability, I’ll give you peace.” – Abhijit Naskar, neuroscientist and author

“In the past, censorship worked by blocking the flow of information. In the twenty-first century, censorship works by flooding people with irrelevant information. In ancient times having power meant having access to data. Today having power means knowing what to ignore.” – Yuval Noah Harari

“Uncertainty is the only certainty there is. Knowing how to live with insecurity is the only security.” – Mathematician John Allen Paulos

“Throughout human history, in any great endeavour requiring the common effort of many nations and men and women everywhere, we have learned – it is only through seriousness of purpose and persistence that we ultimately carry the day. We might liken it to riding a bicycle. You stay upright and move forward so long as you keep up the momentum.” – Ban Ki-moon

“Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depends on the ideas lying around.” – Economist Milton Friedman

“Sorrow is better than fear. Fear is a journey, a terrible journey, but sorrow is at least an arrival. When the storm threatens, a man is afraid for his house. But when the house is destroyed, there is something to do.” – Alan Paton, author and activist

“Trust is undeniably linked to doing what is right. Ethical drivers such as integrity, dependability and purpose drive the trust capital of business.” – 2020 Edelman Trust Barometer

“A promise is a cloud; fulfilment is the rain.” – Arab Proverb

“It does not matter how slowly you go, as long as you do not stop.” – Confucius

A good quarter for investors, but a tough one for South Africa

“He who indulges in empty fears earns himself real fears. We should always allow some time to elapse, for time discloses the truth.“ – Lucius Annaeus Seneca

The element of surprise is common in a system where so many decisions depend on forecasts of the future.” – Iconoclastic economist Frank Knight, mid-20th century

“You can’t always get what you want, but if you try sometimes you just might find you get what you need.” – The Rolling Stones

Enough already!